Edgestream Partners L.P. Takes $6.07 Million Position in Teradyne, Inc. $TER

Edgestream Partners L.P. purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 67,498 shares of the company’s stock, valued at approximately $6,069,000.

Several other large investors have also bought and sold shares of the business. Norges Bank acquired a new position in Teradyne during the second quarter worth about $152,854,000. AQR Capital Management LLC grew its holdings in shares of Teradyne by 1,612.4% during the 1st quarter. AQR Capital Management LLC now owns 1,404,752 shares of the company’s stock valued at $113,251,000 after purchasing an additional 1,322,716 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Teradyne by 224.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,851,684 shares of the company’s stock worth $152,949,000 after purchasing an additional 1,280,120 shares in the last quarter. Primecap Management Co. CA increased its position in Teradyne by 58.6% during the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock worth $274,036,000 after purchasing an additional 1,125,868 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Teradyne by 26.4% in 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 during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Price Performance

Shares of TER opened at $189.94 on Wednesday. The business has a 50-day moving average of $157.92 and a 200-day moving average of $119.96. The company has a market capitalization of $29.75 billion, a price-to-earnings ratio of 69.07, a price-to-earnings-growth ratio of 3.64 and a beta of 1.90. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $191.56.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. Teradyne’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, November 24th. Teradyne’s dividend payout ratio is presently 17.45%.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total value of $199,661.60. Following the transaction, the chief executive officer directly owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. 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 accessible through this hyperlink. In the last quarter, insiders sold 3,324 shares of company stock valued at $494,318. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on TER. Wall Street Zen raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. Stifel Nicolaus set a $225.00 price objective on Teradyne and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley upped their target price on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Northland Securities set a $186.00 price target on Teradyne in a research note on Thursday, October 30th. Finally, Evercore ISI upped their price objective on Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.88.

Teradyne Company 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.