Veracity Capital LLC Acquires New Shares in Teradyne, Inc. $TER

Veracity Capital LLC purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, Holdings Channel reports. The fund purchased 5,043 shares of the company’s stock, valued at approximately $694,000.

Other hedge funds have also recently made changes to their positions in the company. Bank of Nova Scotia raised its position in Teradyne by 546.5% during the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock worth $8,835,000 after purchasing an additional 83,055 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Teradyne by 3.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock valued at $24,908,000 after purchasing an additional 9,094 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Teradyne by 73.3% during the second quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after acquiring an additional 1,939 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Teradyne by 17.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company’s stock worth $11,893,000 after acquiring an additional 21,219 shares during the period. Finally, QRG Capital Management Inc. grew its stake in Teradyne by 231.5% during the second quarter. QRG Capital Management Inc. now owns 106,567 shares of the company’s stock worth $9,583,000 after purchasing an additional 74,417 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 3,878 shares of company stock worth $653,659 in the last 90 days. 0.16% of the stock is currently owned by insiders.

Teradyne Stock Performance

Shares of TER opened at $185.21 on Thursday. The firm has a market capitalization of $29.01 billion, a P/E ratio of 67.35, a P/E/G ratio of 2.01 and a beta of 1.85. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $205.00. The stock has a 50 day moving average price of $170.59 and a two-hundred day moving average price of $128.74.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $769.21 million for 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%.Teradyne’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. On average, equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is presently 17.45%.

Analyst Upgrades and Downgrades

TER has been the subject of several recent analyst reports. UBS Group raised their price objective 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. Morgan Stanley raised their price target on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Industrial Alliance Securities set a $175.00 price objective on shares of Teradyne in a research report on Tuesday, October 28th. Stifel Nicolaus set a $225.00 target price on Teradyne and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. upped their price target on Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.75.

Teradyne Profile

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.