Donoghue Forlines LLC Takes Position in Teradyne, Inc. $TER

Donoghue Forlines LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 18,431 shares of the company’s stock, valued at approximately $2,537,000. Teradyne comprises about 0.8% of Donoghue Forlines LLC’s holdings, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hemington Wealth Management raised its holdings in shares of Teradyne by 43.2% in the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Teradyne during the 2nd quarter worth about $35,000. First Horizon Corp acquired a new stake in Teradyne during the 3rd quarter worth approximately $64,000. Steph & Co. purchased a new position in Teradyne in the second quarter valued at approximately $43,000. Finally, MUFG Securities EMEA plc acquired a new position in Teradyne during the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Robert W. Baird set a $195.00 price target on shares of Teradyne in a research report on Friday, October 31st. Industrial Alliance Securities set a $175.00 price target on Teradyne in a report on Tuesday, October 28th. The Goldman Sachs Group upgraded Teradyne from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $148.00 to $230.00 in a research note on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.44.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by company insiders.

Teradyne Stock Performance

Shares of TER opened at $228.15 on Friday. Teradyne, Inc. has a one year low of $65.77 and a one year high of $238.92. The stock has a 50-day moving average price of $194.38 and a 200 day moving average price of $147.65. The company has a market capitalization of $35.73 billion, a P/E ratio of 82.96, a P/E/G ratio of 1.65 and a beta of 1.84.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio 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.