Teradyne, Inc. $TER Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 427.4% during the second quarter, Holdings Channel reports. The firm owned 117,326 shares of the company’s stock after buying an additional 95,081 shares during the quarter. NEOS Investment Management LLC’s holdings in Teradyne were worth $56,767,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Teradyne in the fourth quarter valued at $28,000. Community Financial Services Group LLC purchased a new stake in shares of Teradyne in the 2nd quarter worth about $29,000. McIlrath & Eck LLC purchased a new stake in shares of Teradyne in the 1st quarter worth about $30,000. Elevation Wealth Partners LLC boosted its position in shares of Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after buying an additional 66 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Teradyne in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group lifted their target price on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group reissued a “buy” rating and set a $465.00 price objective on shares of Teradyne in a research note on Tuesday, July 28th. Susquehanna lifted their price objective on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Finally, Wall Street Zen lowered Teradyne from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Get Our Latest Report on Teradyne

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

Insider Buying and Selling

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was a 3.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Teradyne Trading Down 0.9%

NASDAQ:TER opened at $338.59 on Friday. The firm has a market cap of $52.94 billion, a price-to-earnings ratio of 46.45, a price-to-earnings-growth ratio of 0.69 and a beta of 1.78. The company’s 50-day moving average is $372.18 and its two-hundred day moving average is $358.05. Teradyne, Inc. has a 12-month low of $109.56 and a 12-month high of $487.91.

Teradyne (NASDAQ:TERGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 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 the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. On average, equities research analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne’s payout ratio is presently 7.13%.

About Teradyne

(Free Report)

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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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