Teradyne, Inc. $TER Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Teradyne, Inc. (NASDAQ:TER) by 0.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,978,124 shares of the company’s stock after acquiring an additional 12,659 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Teradyne were worth $957,096,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TER. BlackRock Inc. acquired a new stake in Teradyne during the 2nd quarter worth about $9,404,408,000. Andar Capital Management HK Ltd acquired a new stake in Teradyne during the 2nd quarter valued at approximately $37,800,000. Norges Bank purchased a new position in shares of Teradyne during the 4th quarter valued at about $398,777,000. Wellington Management Group LLP lifted its holdings in shares of Teradyne by 13,949.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after buying an additional 2,022,389 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of Teradyne in the 2nd quarter valued at about $842,822,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by corporate insiders.

Teradyne Trading Down 4.6%

Shares of Teradyne stock opened at $354.97 on Friday. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91. The firm’s 50-day moving average price is $380.37 and its 200 day moving average price is $356.92. The firm has a market capitalization of $55.50 billion, a PE ratio of 48.69, a P/E/G ratio of 0.72 and a beta of 1.78.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. On average, sell-side analysts predict that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, September 4th. Teradyne’s payout ratio is currently 7.13%.

Wall Street Analysts Forecast Growth

TER has been the subject of several analyst reports. Susquehanna boosted their target price on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Bank of America lifted their price objective on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. UBS Group upped their price objective on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Cantor Fitzgerald reissued an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut Teradyne from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne 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.