IFM Investors Pty Ltd boosted its stake in Teradyne, Inc. (NASDAQ:TER – Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,230 shares of the company’s stock after purchasing an additional 583 shares during the period. IFM Investors Pty Ltd’s holdings in Teradyne were worth $2,718,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Berbice Capital Management LLC grew its stake in shares of Teradyne by 200.0% during the first quarter. Berbice Capital Management LLC now owns 300 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of Teradyne by 44.7% during the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Teradyne by 189.9% during the first quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock valued at $38,000 after acquiring an additional 302 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Teradyne during the first quarter valued at about $45,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Teradyne by 319.0% during the first quarter. AdvisorNet Financial Inc now owns 595 shares of the company’s stock valued at $49,000 after acquiring an additional 453 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.
Teradyne Price Performance
Shares of NASDAQ:TER opened at $135.18 on Tuesday. The stock has a market cap of $21.50 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 2.52 and a beta of 1.80. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $144.16. The stock’s 50 day moving average price is $109.13 and its 200 day moving average price is $91.91.
Teradyne Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 5th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 5th. Teradyne’s payout ratio is presently 16.61%.
Insiders Place Their Bets
In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $115.00, for a total transaction of $63,710.00. Following the transaction, the chief executive officer directly owned 96,439 shares in the company, valued at approximately $11,090,485. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 1,662 shares of company stock worth $181,008. Insiders own 0.16% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on TER shares. Cantor Fitzgerald set a $105.00 price target on Teradyne and gave the stock an “overweight” rating in a research note on Tuesday, June 24th. UBS Group reiterated a “buy” rating and issued a $130.00 price target (up from $120.00) on shares of Teradyne in a research note on Thursday, July 31st. The Goldman Sachs Group reiterated a “sell” rating and issued a $85.00 price target on shares of Teradyne in a research note on Wednesday, July 30th. Susquehanna lifted their price target on Teradyne from $133.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday. Finally, Wall Street Zen upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.63.
View Our Latest Research Report on Teradyne
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.
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