Prudential PLC Buys Shares of 12,748 Teradyne, Inc. $TER

Prudential PLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,748 shares of the company’s stock, valued at approximately $1,146,000.

A number of other hedge funds also recently made changes to their positions in TER. Manchester Capital Management LLC grew its holdings in shares of Teradyne by 44.7% during the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after purchasing an additional 140 shares during the last quarter. Brooklyn Investment Group boosted its position in Teradyne by 189.9% in the first quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock valued at $38,000 after buying an additional 302 shares in the last quarter. Steph & Co. bought a new stake in shares of Teradyne during the second quarter worth $43,000. Bayforest Capital Ltd grew its stake in shares of Teradyne by 195.5% during the second quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock worth $47,000 after buying an additional 346 shares during the last quarter. Finally, Quaker Wealth Management LLC increased its holdings in shares of Teradyne by 200.9% during the second quarter. Quaker Wealth Management LLC now owns 639 shares of the company’s stock worth $57,000 after buying an additional 1,272 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TER has been the topic of several recent research reports. Northland Securities set a $186.00 price objective on Teradyne in a report on Thursday, October 30th. Cowen reissued a “buy” rating on shares of Teradyne in a research note on Wednesday, July 30th. Morgan Stanley upped their price objective on Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Wall Street Zen upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Monday, September 1st. Finally, UBS Group lifted their target price on shares of Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $171.25.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total transaction 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 $17,031,963.40. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 3,324 shares of company stock worth $494,318 over the last ninety days. Company insiders own 0.16% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $158.91 on Monday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $191.56. The firm’s fifty day moving average is $150.06 and its 200-day moving average is $115.23. The firm has a market cap of $24.89 billion, a P/E ratio of 57.79, a P/E/G ratio of 3.64 and a beta of 1.90.

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

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, November 24th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Teradyne’s dividend payout ratio is presently 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.