Assenagon Asset Management S.A. Has $3.76 Million Holdings in Teradyne, Inc. $TER

Assenagon Asset Management S.A. decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 97.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,300 shares of the company’s stock after selling 1,089,969 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Teradyne were worth $3,758,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TER. CYBER HORNET ETFs LLC acquired a new position in Teradyne during the second quarter valued at approximately $35,000. Brooklyn Investment Group raised its holdings in Teradyne by 189.9% in the first quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock worth $38,000 after purchasing an additional 302 shares during the period. Steph & Co. bought a new position in shares of Teradyne during the second quarter worth $43,000. MUFG Securities EMEA plc acquired a new position in shares of Teradyne in the 2nd quarter valued at $43,000. Finally, Bayforest Capital Ltd increased its position in shares of Teradyne by 195.5% in the 2nd quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock valued at $47,000 after buying an additional 346 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TER has been the topic of several recent analyst reports. Industrial Alliance Securities set a $175.00 price objective on Teradyne in a report on Tuesday, October 28th. The Goldman Sachs Group upgraded shares of Teradyne from a “sell” rating to a “buy” rating and raised their target price for the stock from $148.00 to $230.00 in a report on Monday, December 15th. 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 note on Wednesday, October 29th. Robert W. Baird set a $195.00 price objective on shares of Teradyne in a research report on Friday, October 31st. Finally, Citigroup raised their price objective on shares of Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $185.75.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 3,324 shares of company stock worth $583,639 over the last 90 days. 0.16% of the stock is currently owned by company insiders.

Teradyne Stock Up 1.0%

Shares of NASDAQ TER opened at $197.22 on Tuesday. The business’s 50 day moving average price is $173.92 and its two-hundred day moving average price is $131.46. The company has a market cap of $30.89 billion, a PE ratio of 71.72, a price-to-earnings-growth ratio of 2.04 and a beta of 1.85. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $205.00.

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

Teradyne Dividend Announcement

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

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.