BW Gestao de Investimentos Ltda. Acquires Shares of 72,895 Teradyne, Inc. $TER

BW Gestao de Investimentos Ltda. bought a new position in Teradyne, Inc. (NASDAQ:TER) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 72,895 shares of the company’s stock, valued at approximately $10,033,000.

Several other large investors have also recently modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in Teradyne during the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. bought a new position in shares of Teradyne in the third quarter worth approximately $31,000. Hemington Wealth Management lifted its stake in shares of Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after buying an additional 79 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Teradyne during the third quarter valued at approximately $47,000. Finally, Hantz Financial Services Inc. increased its position in shares of Teradyne by 41.2% during the third quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $51,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Teradyne Stock Performance

Teradyne stock opened at $296.44 on Tuesday. The stock has a market cap of $46.41 billion, a PE ratio of 85.18, a price-to-earnings-growth ratio of 1.69 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 $267.12 and a 200 day moving average of $195.28.

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

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be 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 is Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is 14.94%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TER. Morgan Stanley set a $306.00 target price on Teradyne in a research note on Wednesday, February 11th. Citigroup upped their price target on Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Stifel Nicolaus set a $325.00 target price on Teradyne in a research report on Wednesday, February 4th. Finally, UBS Group upped their target price on shares of Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $256.24.

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.