Aviva PLC grew its position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 134.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,192 shares of the company’s stock after buying an additional 49,956 shares during the quarter. Aviva PLC owned approximately 0.05% of Teradyne worth $7,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Teradyne by 2.5% in the first quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company’s stock valued at $1,728,176,000 after acquiring an additional 516,332 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Teradyne by 26.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company’s stock valued at $286,634,000 after purchasing an additional 652,175 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Teradyne by 16.1% in the 1st quarter. Invesco Ltd. now owns 2,790,898 shares of the company’s stock valued at $230,528,000 after purchasing an additional 387,705 shares during the last quarter. ARK Investment Management LLC boosted its holdings in Teradyne by 16.7% in the first quarter. ARK Investment Management LLC now owns 2,243,590 shares of the company’s stock worth $185,321,000 after purchasing an additional 320,580 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in Teradyne by 188.8% during the first quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company’s stock worth $173,943,000 after buying an additional 1,376,631 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.
Teradyne Stock Up 1.2%
Shares of TER stock opened at $179.27 on Thursday. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $191.56. The firm has a market cap of $28.08 billion, a PE ratio of 65.19, a price-to-earnings-growth ratio of 3.64 and a beta of 1.90. The stock has a 50 day moving average of $143.37 and a 200-day moving average of $110.55.
Teradyne Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Teradyne’s dividend payout ratio is currently 17.45%.
Insiders Place Their Bets
In related news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $145.24, for a total transaction of $160,925.92. Following the sale, the chief executive officer directly owned 94,777 shares of the company’s stock, valued at $13,765,411.48. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 2,216 shares of company stock worth $294,656 over the last 90 days. 0.16% of the stock is owned by company insiders.
Analysts Set New Price Targets
TER has been the subject of a number of analyst reports. Evercore ISI boosted their price target on Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Cowen restated a “buy” rating on shares of Teradyne in a report on Wednesday, July 30th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price objective on shares of Teradyne in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.25.
Get Our Latest Analysis on TER
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.
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