Wellington Management Group LLP Buys 17,487 Shares of Teradyne, Inc. $TER

Wellington Management Group LLP boosted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 49.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,808 shares of the company’s stock after acquiring an additional 17,487 shares during the period. Wellington Management Group LLP’s holdings in Teradyne were worth $25,551,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TER. Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne during the fourth quarter valued at approximately $28,000. Community Financial Services Group LLC bought a new position in Teradyne in the second quarter worth $29,000. McIlrath & Eck LLC acquired a new stake in Teradyne during the first quarter worth $30,000. Elevation Wealth Partners LLC boosted its stake in Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after buying an additional 66 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in Teradyne in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. Bank of America increased their price target on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Morgan Stanley raised their price target on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Susquehanna upped their price objective on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Finally, Evercore reissued an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Stock Performance

TER opened at $357.03 on Friday. The firm has a market cap of $55.82 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 0.72 and a beta of 1.78. The firm’s 50-day simple moving average is $370.59 and its 200-day simple moving average is $358.04. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.38. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm’s quarterly revenue was up 103.9% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio is 7.13%.

Insider Buying and Selling

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

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.