Assenagon Asset Management S.A. Purchases 882,723 Shares of Teradyne, Inc. $TER

Assenagon Asset Management S.A. boosted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 3,233.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 910,023 shares of the company’s stock after purchasing an additional 882,723 shares during the quarter. Assenagon Asset Management S.A. owned about 0.58% of Teradyne worth $176,144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TER. Huntington National Bank grew its holdings in shares of Teradyne by 1.8% during the third quarter. Huntington National Bank now owns 3,566 shares of the company’s stock valued at $491,000 after buying an additional 64 shares during the last quarter. Parallel Advisors LLC raised its holdings in Teradyne by 5.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock worth $181,000 after acquiring an additional 69 shares during the last quarter. True Wealth Design LLC raised its holdings in Teradyne by 49.6% in the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after acquiring an additional 70 shares during the last quarter. Wedmont Private Capital lifted its position in Teradyne by 3.0% in the 4th quarter. Wedmont Private Capital now owns 2,576 shares of the company’s stock valued at $499,000 after acquiring an additional 74 shares in the last quarter. Finally, Hemington Wealth Management lifted its position in Teradyne by 43.2% in the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

Teradyne stock opened at $303.92 on Tuesday. The stock has a market cap of $47.58 billion, a PE ratio of 87.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.76. Teradyne, Inc. has a one year low of $65.77 and a one year high of $344.92. The stock has a fifty day moving average of $284.13 and a 200 day moving average of $207.88.

Teradyne (NASDAQ:TER) last announced its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $970.44 million. During the same period last year, the firm posted $0.95 earnings per share. The business’s revenue for the quarter was up 43.9% on a year-over-year basis. As a group, sell-side analysts predict 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 Friday, March 13th. Shareholders of record on Friday, February 13th were given a $0.12 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is presently 14.94%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank Of Canada set a $270.00 target price on Teradyne in a report on Monday, February 2nd. Susquehanna reaffirmed a “positive” rating and set a $335.00 price target on shares of Teradyne in a report on Wednesday, February 4th. Robert W. Baird set a $305.00 price objective on Teradyne in a research report on Wednesday, February 4th. TD Cowen reiterated a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Finally, Evercore boosted their target price on Teradyne from $200.00 to $280.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. One equities research 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 MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $273.73.

Teradyne Company 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.