Oppenheimer Asset Management Inc. Makes New $212,000 Investment in Teradyne, Inc. (NASDAQ:TER)

Oppenheimer Asset Management Inc. bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,970 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its holdings in shares of Teradyne by 0.8% during the 4th quarter. Blair William & Co. IL now owns 12,932 shares of the company’s stock valued at $1,130,000 after purchasing an additional 103 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Teradyne by 2.7% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 4,021 shares of the company’s stock valued at $432,000 after purchasing an additional 106 shares in the last quarter. Czech National Bank lifted its holdings in shares of Teradyne by 0.6% during the 1st quarter. Czech National Bank now owns 18,349 shares of the company’s stock valued at $1,973,000 after purchasing an additional 115 shares in the last quarter. West Family Investments Inc. lifted its holdings in shares of Teradyne by 6.8% during the 1st quarter. West Family Investments Inc. now owns 1,800 shares of the company’s stock valued at $213,000 after purchasing an additional 115 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Teradyne by 51.1% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 405 shares of the company’s stock valued at $44,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the topic of a number of recent research reports. KeyCorp lifted their target price on Teradyne from $117.00 to $140.00 in a research report on Tuesday, July 18th. StockNews.com initiated coverage on Teradyne in a research report on Wednesday, August 23rd. They issued a “hold” rating on the stock. Robert W. Baird lifted their target price on Teradyne from $104.00 to $115.00 in a research report on Friday, July 28th. TheStreet raised Teradyne from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. Finally, Citigroup lifted their target price on Teradyne from $125.00 to $127.00 in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $106.27.

Teradyne Stock Performance

TER stock opened at $107.37 on Thursday. The firm has a market capitalization of $16.54 billion, a PE ratio of 31.86, a PEG ratio of 4.98 and a beta of 1.51. Teradyne, Inc. has a 1-year low of $67.81 and a 1-year high of $119.20. The business’s 50 day simple moving average is $108.55 and its 200 day simple moving average is $103.87.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 26th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.13. The business had revenue of $684.00 million for the quarter, compared to analyst estimates of $656.94 million. Teradyne had a return on equity of 23.37% and a net margin of 19.55%. The firm’s revenue was down 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 EPS. As a group, sell-side analysts predict that Teradyne, Inc. will post 2.83 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 1st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.44 annualized dividend and a yield of 0.41%. Teradyne’s dividend payout ratio (DPR) is presently 13.06%.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 24,571 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $103.30, for a total value of $2,538,184.30. Following the completion of the sale, the chief financial officer now directly owns 38,154 shares in the company, valued at approximately $3,941,308.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Sanjay Mehta sold 24,571 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $103.30, for a total transaction of $2,538,184.30. Following the completion of the sale, the chief financial officer now directly owns 38,154 shares in the company, valued at approximately $3,941,308.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 750 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $108.72, for a total value of $81,540.00. Following the sale, the director now owns 18,517 shares of the company’s stock, valued at $2,013,168.24. The disclosure for this sale can be found here. Insiders sold 28,241 shares of company stock worth $2,941,897 in the last ninety days. 0.36% of the stock is owned by company insiders.

About Teradyne

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.