Silver Oak Securities Incorporated Acquires Shares of 5,698 Teradyne, Inc. $TER

Silver Oak Securities Incorporated bought a new stake in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,698 shares of the company’s stock, valued at approximately $1,121,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TER. Bank of Nova Scotia lifted its holdings in Teradyne by 546.5% during the second quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock worth $8,835,000 after buying an additional 83,055 shares during the period. ARK Investment Management LLC raised its holdings in shares of Teradyne by 25.2% during the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock worth $374,701,000 after purchasing an additional 548,140 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Teradyne by 9.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock valued at $12,542,000 after buying an additional 7,648 shares during the last quarter. Aspen Wealth Strategies LLC purchased a new position in Teradyne during the third quarter valued at approximately $577,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Teradyne by 3,233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after purchasing an additional 882,723 shares during the period. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Evercore upped their price target on Teradyne from $200.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Vertical Research lowered Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Friday, January 9th. The Goldman Sachs Group increased their target price on Teradyne from $230.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a research report on Thursday, January 22nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average target price of $275.53.

Teradyne Trading Up 7.3%

TER opened at $296.46 on Wednesday. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $344.92. The firm has a market capitalization of $46.41 billion, a PE ratio of 85.19, a PEG ratio of 1.71 and a beta of 1.76. The firm’s 50-day moving average price is $292.97 and its 200 day moving average price is $215.69.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $970.44 million. During the same quarter in the prior year, the firm earned $0.95 EPS. Teradyne’s quarterly revenue was up 43.9% on a year-over-year basis. As a group, analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is currently 14.94%.

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.