Pacer Advisors Inc. Has $3.33 Million Stock Holdings in Teradyne, Inc. $TER

Pacer Advisors Inc. decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 95.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,175 shares of the company’s stock after selling 511,511 shares during the quarter. Pacer Advisors Inc.’s holdings in Teradyne were worth $3,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in Teradyne by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after acquiring an additional 143,058 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Teradyne by 79.7% during the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after purchasing an additional 1,679,215 shares during the period. Allspring Global Investments Holdings LLC grew its position in Teradyne by 26.4% during the second 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 in the last quarter. Primecap Management Co. CA increased its stake in Teradyne by 58.6% in the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after buying an additional 1,125,868 shares during the period. Finally, Invesco Ltd. lifted its position in Teradyne by 2.5% in the 2nd quarter. Invesco Ltd. now owns 2,859,466 shares of the company’s stock worth $257,123,000 after buying an additional 68,568 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction on Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer owned 93,409 shares in the company, valued at $18,804,165.79. This trade represents a 1.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 3,324 shares of company stock valued at $583,639. Company insiders own 0.16% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $196.63 on Wednesday. The business’s 50-day simple moving average is $180.93 and its 200-day simple moving average is $136.19. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $205.00. The firm has a market cap of $30.79 billion, a price-to-earnings ratio of 71.50, a P/E/G ratio of 2.06 and a beta of 1.85.

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

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were paid a $0.12 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is presently 17.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TER shares. The Goldman Sachs Group upgraded shares of Teradyne from a “sell” rating to a “buy” rating and boosted their price target for the company from $148.00 to $230.00 in a report on Monday, December 15th. JPMorgan Chase & Co. boosted their target price on Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Morgan Stanley raised their price target on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $240.00 price target on shares of Teradyne in a report on Tuesday, December 16th. Finally, Northland Securities set a $186.00 price objective on Teradyne in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $185.75.

Teradyne Company 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.