Raiffeisen Bank International AG Has $10.42 Million Position in Teradyne, Inc. $TER

Raiffeisen Bank International AG boosted its holdings in Teradyne, Inc. (NASDAQ:TERFree Report) by 999.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,492 shares of the company’s stock after acquiring an additional 20,447 shares during the quarter. Raiffeisen Bank International AG’s holdings in Teradyne were worth $10,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Teradyne in the 2nd quarter valued at approximately $9,404,408,000. Andar Capital Management HK Ltd acquired a new stake in Teradyne in the 2nd quarter valued at $37,800,000. Norges Bank acquired a new stake in Teradyne in the 4th quarter valued at $398,777,000. Wellington Management Group LLP grew its position in Teradyne by 13,949.4% in the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after acquiring an additional 2,022,389 shares during the period. Finally, Bank of America Corp DE bought a new stake in Teradyne in the second quarter valued at $842,822,000. Institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the sale, the chief executive officer owned 112,495 shares of the company’s stock, valued at $47,810,375. This represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by company insiders.

Teradyne Stock Performance

Shares of TER opened at $338.59 on Friday. The stock has a fifty day moving average price of $372.18 and a two-hundred day moving average price of $358.05. Teradyne, Inc. has a 52-week low of $109.56 and a 52-week high of $487.91. The company has a market cap of $52.94 billion, a price-to-earnings ratio of 46.45, a PEG ratio of 0.69 and a beta of 1.78.

Teradyne (NASDAQ:TERGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business’s revenue was up 103.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. As a group, research analysts predict that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio is 7.13%.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TER. The Goldman Sachs Group reiterated a “buy” rating and set a $465.00 price objective on shares of Teradyne in a research note on Tuesday, July 28th. Evercore reaffirmed an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. Susquehanna increased their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Robert W. Baird restated a “neutral” rating and issued a $420.00 price target on shares of Teradyne in a research report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Check Out Our Latest Stock Report on Teradyne

Teradyne Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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