Rheos Capital Works Inc. Sells 112,000 Shares of Teradyne, Inc. $TER

Rheos Capital Works Inc. lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 64.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,000 shares of the company’s stock after selling 112,000 shares during the quarter. Rheos Capital Works Inc.’s holdings in Teradyne were worth $12,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. Wellington Management Group LLP boosted its position in shares of 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. Alkeon Capital Management LLC boosted its position in shares of Teradyne by 48.6% in the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after acquiring an additional 940,000 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after acquiring an additional 882,723 shares during the period. Rafferty Asset Management LLC boosted its position in shares of Teradyne by 65.4% in the second quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock valued at $194,770,000 after acquiring an additional 856,540 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Teradyne by 60.1% in the second quarter. Bank of America Corp DE now owns 2,082,945 shares of the company’s stock valued at $187,298,000 after acquiring an additional 781,517 shares during the period. Institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TER. Royal Bank Of Canada set a $270.00 price objective on shares of Teradyne in a research report on Monday, February 2nd. Citigroup raised their target price on shares of Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a research note on Thursday, January 22nd. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Evercore raised their target price on shares of Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $275.53.

Teradyne Stock Performance

TER stock opened at $315.43 on Tuesday. The company has a market capitalization of $49.38 billion, a PE ratio of 90.64, a price-to-earnings-growth ratio of 1.92 and a beta of 1.79. Teradyne, Inc. has a one year low of $65.77 and a one year high of $344.92. The company’s 50 day moving average price is $299.46 and its two-hundred day moving average price is $221.22.

Teradyne (NASDAQ:TER) last issued its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.44. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The business’s revenue was up 43.9% on a year-over-year basis. During the same quarter last year, the business earned $0.95 earnings per share. On average, research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, February 13th. Teradyne’s payout ratio is 14.94%.

About Teradyne

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.