Carmel Capital Management L.L.C. Raises Holdings in Teradyne, Inc. $TER

Carmel Capital Management L.L.C. lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 59,584 shares of the company’s stock after acquiring an additional 2,425 shares during the quarter. Teradyne makes up 2.5% of Carmel Capital Management L.L.C.’s investment portfolio, making the stock its 16th largest position. Carmel Capital Management L.L.C.’s holdings in Teradyne were worth $8,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TER. Vanguard Group Inc. lifted its holdings in Teradyne by 2.1% during the third quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after purchasing an additional 444,940 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Teradyne by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after purchasing an additional 143,058 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Teradyne by 79.7% in the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after purchasing an additional 1,679,215 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Teradyne by 11.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock valued at $490,134,000 after purchasing an additional 354,876 shares during the period. Finally, Primecap Management Co. CA raised its position in shares of Teradyne by 58.6% in the second quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after purchasing an additional 1,125,868 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents 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 the SEC website. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank Of Canada set a $270.00 price objective on shares of Teradyne in a report on Monday, February 2nd. Evercore boosted their target price on shares of Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Cantor Fitzgerald increased their target price on Teradyne from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Susquehanna reaffirmed a “positive” rating and issued a $335.00 price target on shares of Teradyne in a report on Wednesday, February 4th. Finally, Citigroup lifted their price target on Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $256.24.

Teradyne Trading Down 10.6%

Teradyne stock opened at $273.05 on Friday. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $344.92. The firm has a market capitalization of $42.75 billion, a PE ratio of 78.46, a price-to-earnings-growth ratio of 1.90 and a beta of 1.76. The firm’s 50 day simple moving average is $265.14 and its 200 day simple moving average is $192.80.

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

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is 14.94%.

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.