DNB Asset Management AS Boosts Holdings in Teradyne, Inc. $TER

DNB Asset Management AS raised its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 38.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,090 shares of the company’s stock after buying an additional 11,182 shares during the quarter. DNB Asset Management AS’s holdings in Teradyne were worth $5,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TER. Choreo LLC grew its stake in Teradyne by 4.9% during the third quarter. Choreo LLC now owns 2,977 shares of the company’s stock valued at $410,000 after acquiring an additional 138 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Teradyne by 0.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 317,857 shares of the company’s stock valued at $43,750,000 after purchasing an additional 1,731 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in shares of Teradyne during the third quarter valued at about $1,445,000. RWA Wealth Partners LLC increased its holdings in shares of Teradyne by 1.0% in the third quarter. RWA Wealth Partners LLC now owns 27,569 shares of the company’s stock worth $3,795,000 after purchasing an additional 262 shares during the last quarter. Finally, Aspen Wealth Strategies LLC bought a new stake in shares of Teradyne in the third quarter worth about $577,000. Institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by insiders.

Teradyne Stock Performance

NASDAQ:TER opened at $320.03 on Monday. The firm has a market capitalization of $50.10 billion, a PE ratio of 91.96, a PEG ratio of 1.98 and a beta of 1.76. The stock’s fifty day moving average is $254.69 and its 200 day moving average is $187.19. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $344.92.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. During the same period in the previous year, the firm earned $0.95 earnings per share. Teradyne’s quarterly revenue was up 43.9% compared to the same quarter last year. Equities analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s dividend payout ratio is 14.94%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank Of Canada set a $270.00 price target on Teradyne in a research note on Monday, February 2nd. Susquehanna reaffirmed a “positive” rating and set a $335.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, UBS Group upped their price target on shares of Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $256.24.

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.