Vanguard Group Inc. Has $1.89 Billion Holdings in Teradyne, Inc. $TER

Vanguard Group Inc. increased its position in Teradyne, Inc. (NASDAQ:TER) by 0.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,972,777 shares of the company’s stock after purchasing an additional 50,546 shares during the period. Vanguard Group Inc. owned about 13.18% of Teradyne worth $1,885,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Teradyne by 26.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company’s stock worth $286,634,000 after buying an additional 652,175 shares during the period. Invesco Ltd. lifted its stake in Teradyne by 16.1% in the 1st quarter. Invesco Ltd. now owns 2,790,898 shares of the company’s stock worth $230,528,000 after acquiring an additional 387,705 shares in the last quarter. ARK Investment Management LLC boosted its position in Teradyne by 16.7% during the 1st quarter. ARK Investment Management LLC now owns 2,243,590 shares of the company’s stock worth $185,321,000 after acquiring an additional 320,580 shares during the period. Federated Hermes Inc. boosted its position in Teradyne by 188.8% during the 1st quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company’s stock worth $173,943,000 after acquiring an additional 1,376,631 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Teradyne by 224.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,851,684 shares of the company’s stock valued at $152,949,000 after acquiring an additional 1,280,120 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Trading Up 1.9%

Shares of NASDAQ:TER opened at $158.91 on Friday. The stock has a market capitalization of $24.89 billion, a PE ratio of 57.79, a P/E/G ratio of 3.64 and a beta of 1.90. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $191.56. The firm has a fifty day moving average price of $150.06 and a 200 day moving average price of $114.67.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. On average, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, November 24th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, November 24th. Teradyne’s payout ratio is 17.45%.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the 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 transaction, the chief executive officer owned 94,517 shares in the company, valued at $17,031,963.40. This trade represents a 1.16% decrease in their ownership of the stock. The sale 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 three months. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group increased their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Evercore ISI upped their price target on shares of Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Cowen reissued a “buy” rating on shares of Teradyne in a research report on Wednesday, July 30th. Finally, Robert W. Baird set a $195.00 target price on Teradyne in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $171.25.

About Teradyne

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.