Alkeon Capital Management LLC Has $395.43 Million Position in Teradyne, Inc. $TER

Alkeon Capital Management LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 48.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,872,910 shares of the company’s stock after purchasing an additional 940,000 shares during the period. Teradyne makes up approximately 0.6% of Alkeon Capital Management LLC’s holdings, making the stock its 27th largest position. Alkeon Capital Management LLC owned 1.83% of Teradyne worth $395,427,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TER. Root Financial Partners LLC bought a new stake in shares of Teradyne in the third quarter valued at approximately $31,000. Davidson Capital Management Inc. bought a new position in Teradyne during the third quarter worth $31,000. Hemington Wealth Management increased its position in Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares during the period. Orion Capital Management LLC acquired a new position in Teradyne during the 3rd quarter valued at $47,000. Finally, Hantz Financial Services Inc. raised its stake in Teradyne by 41.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $51,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $286.42 on Friday. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $344.92. The business has a fifty day moving average of $274.81 and a two-hundred day moving average of $199.68. The stock has a market cap of $44.84 billion, a PE ratio of 82.30, a PEG ratio of 1.78 and a beta of 1.76.

Teradyne (NASDAQ:TER) last posted its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.44. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The firm’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. Analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, February 13th. Teradyne’s dividend payout ratio is currently 14.94%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Northland Securities reaffirmed a “market perform” rating and set a $270.00 price objective on shares of Teradyne in a research report on Wednesday, February 4th. Vertical Research cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Friday, January 9th. Bank of America lifted their target price on Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Robert W. Baird set a $305.00 price target on Teradyne in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average price target of $273.73.

Teradyne Profile

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.