Neo Ivy Capital Management Acquires Shares of 4,446 Teradyne, Inc. $TER

Neo Ivy Capital Management acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 4,446 shares of the company’s stock, valued at approximately $400,000.

Other large investors have also recently modified their holdings of the company. Federated Hermes Inc. lifted its position in Teradyne by 188.8% in the first quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company’s stock worth $173,943,000 after buying an additional 1,376,631 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Teradyne by 1,612.4% in the 1st quarter. AQR Capital Management LLC now owns 1,404,752 shares of the company’s stock worth $113,251,000 after acquiring an additional 1,322,716 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Teradyne by 224.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,851,684 shares of the company’s stock worth $152,949,000 after acquiring an additional 1,280,120 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of Teradyne by 58.6% during the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock worth $274,036,000 after purchasing an additional 1,125,868 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Teradyne by 26.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company’s stock valued at $286,634,000 after purchasing an additional 652,175 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

TER has been the subject of several analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price objective on shares of Teradyne in a research note on Wednesday, October 29th. Citigroup raised their price target on Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Stifel Nicolaus boosted their price objective on Teradyne from $119.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 28th. Northland Securities set a $186.00 target price on Teradyne in a research note on Thursday, October 30th. Finally, Evercore ISI boosted their target price on shares of Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $171.25.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total value of $199,661.60. Following the completion of the sale, the chief executive officer owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. This represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 3,324 shares of company stock valued at $494,318. Insiders own 0.16% of the company’s stock.

Teradyne Stock Up 1.9%

Shares of NASDAQ TER opened at $158.91 on Friday. The business has a fifty day simple moving average of $150.06 and a two-hundred day simple moving average of $114.95. The firm has a market cap of $24.89 billion, a PE ratio of 57.79, a price-to-earnings-growth ratio of 3.64 and a beta of 1.90. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $191.56.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 EPS. On average, research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be issued a $0.12 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Teradyne’s payout ratio is currently 17.45%.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.