Charles Schwab Investment Management Inc. Acquires 536 Shares of Teradyne, Inc. $TER

Charles Schwab Investment Management Inc. grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 0.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,015,277 shares of the company’s stock after acquiring an additional 536 shares during the period. Charles Schwab Investment Management Inc. owned about 0.64% of Teradyne worth $91,294,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. raised its position in Teradyne by 42.0% during the 2nd quarter. American Century Companies Inc. now owns 1,590,834 shares of the company’s stock worth $143,048,000 after purchasing an additional 470,584 shares during the last quarter. Mufg Securities Americas Inc. raised its position in shares of Teradyne by 23.3% during the second quarter. Mufg Securities Americas Inc. now owns 3,555 shares of the company’s stock worth $320,000 after acquiring an additional 672 shares during the last quarter. Evelyn Partners Investment Management LLP lifted its stake in shares of Teradyne by 19.4% in the second quarter. Evelyn Partners Investment Management LLP now owns 1,115 shares of the company’s stock worth $100,000 after acquiring an additional 181 shares during the period. AXQ Capital LP boosted its holdings in Teradyne by 113.8% in the second quarter. AXQ Capital LP now owns 6,490 shares of the company’s stock valued at $584,000 after acquiring an additional 3,454 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in Teradyne during the 2nd quarter valued at approximately $400,000. Institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total transaction of $199,661.60. Following the completion of the sale, the chief executive officer owned 94,517 shares in the company, valued at approximately $17,031,963.40. The trade was a 1.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 3,324 shares of company stock valued at $494,318. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TER shares. Susquehanna restated a “positive” rating and issued a $215.00 price target on shares of Teradyne in a research report on Thursday, October 30th. UBS Group lifted their target price on shares of Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Bank of America raised shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Wednesday, October 29th. Evercore ISI lifted their price objective on Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, Industrial Alliance Securities set a $175.00 price objective on Teradyne in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $171.25.

Teradyne Price Performance

TER stock opened at $181.82 on Friday. The stock has a market capitalization of $28.47 billion, a PE ratio of 66.11, a price-to-earnings-growth ratio of 3.64 and a beta of 1.90. The company’s 50-day moving average is $155.93 and its 200-day moving average is $118.05. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $191.56.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $769.21 million during the quarter, compared to analyst estimates of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. On average, analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, November 24th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is currently 17.45%.

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.