Arrowstreet Capital Limited Partnership Takes Position in Teradyne, Inc. $TER

Arrowstreet Capital Limited Partnership acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 129,331 shares of the company’s stock, valued at approximately $11,629,000. Arrowstreet Capital Limited Partnership owned approximately 0.08% of Teradyne at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of Teradyne by 26.4% in the second 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. Primecap Management Co. CA lifted its stake in Teradyne by 58.6% in the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after buying an additional 1,125,868 shares in the last quarter. Invesco Ltd. grew its holdings in Teradyne by 16.1% during the 1st quarter. Invesco Ltd. now owns 2,790,898 shares of the company’s stock valued at $230,528,000 after buying an additional 387,705 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Teradyne by 224.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,851,684 shares of the company’s stock worth $152,949,000 after buying an additional 1,280,120 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Teradyne in the second quarter worth $152,854,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Down 1.5%

Shares of NASDAQ TER opened at $199.97 on Wednesday. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $205.00. The business has a 50 day moving average price of $164.40 and a two-hundred day moving average price of $124.18. The firm has a market cap of $31.32 billion, a PE ratio of 72.72, a price-to-earnings-growth ratio of 2.12 and a beta of 1.85.

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

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, November 24th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, November 24th. Teradyne’s dividend payout ratio is currently 17.45%.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the 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 sale, the chief executive officer directly owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 3,324 shares of company stock worth $494,318 in the last quarter. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Robert W. Baird set a $195.00 price objective on shares of Teradyne in a research note on Friday, October 31st. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a report on Wednesday, October 8th. Industrial Alliance Securities set a $175.00 target price on Teradyne in a research note on Tuesday, October 28th. Finally, The Goldman Sachs Group raised their price target on Teradyne from $130.00 to $148.00 and gave the stock a “sell” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $176.88.

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.