Teradyne, Inc. $TER Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in Teradyne, Inc. (NASDAQ:TER) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,607,914 shares of the company’s stock after buying an additional 123,549 shares during the period. Teradyne makes up approximately 0.8% of Van ECK Associates Corp’s investment portfolio, making the stock its 22nd largest holding. Van ECK Associates Corp’s holdings in Teradyne were worth $1,261,813,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TER. Leeward Financial Partners LLC acquired a new position in shares of Teradyne during the second quarter worth approximately $3,735,000. Gouws Capital LLC grew its position in Teradyne by 96.0% in the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after purchasing an additional 7,505 shares during the last quarter. Legal & General Group Plc acquired a new stake in Teradyne in the 2nd quarter worth $656,058,000. Wealthfront Advisers LLC increased its holdings in shares of Teradyne by 56.0% during the 4th quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company’s stock worth $5,678,000 after purchasing an additional 10,526 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in shares of Teradyne during the 2nd quarter worth about $4,826,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. UBS Group increased their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Susquehanna boosted their price target on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Bank of America upped their price target on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Robert W. Baird reiterated a “neutral” rating and issued a $420.00 price objective on shares of Teradyne in a research report on Friday, August 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Trading Down 4.6%

TER stock opened at $354.97 on Friday. Teradyne, Inc. has a 1-year low of $109.56 and a 1-year high of $487.91. The firm has a market cap of $55.50 billion, a P/E ratio of 48.69, a P/E/G ratio of 0.75 and a beta of 1.78. The business’s 50 day moving average is $380.37 and its 200-day moving average is $356.92.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.Teradyne’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. Sell-side analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, September 4th. Teradyne’s dividend payout ratio is currently 7.13%.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.