Ameriprise Financial Inc. Increases Stock Position in Teradyne, Inc. $TER

Ameriprise Financial Inc. lifted its position in Teradyne, Inc. (NASDAQ:TER) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,256,857 shares of the company’s stock after buying an additional 336,757 shares during the quarter. Ameriprise Financial Inc. owned approximately 3.36% of Teradyne worth $723,600,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TER. Root Financial Partners LLC acquired a new stake in Teradyne in the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. purchased a new position in shares of Teradyne in the 3rd quarter valued at about $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne during the second quarter worth about $35,000. Hemington Wealth Management increased its position in shares of 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 purchasing an additional 79 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Teradyne in the 2nd quarter valued at approximately $43,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Shares of Teradyne stock opened at $286.42 on Monday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $344.92. The company’s fifty day moving average is $274.81 and its two-hundred day moving average is $200.27. The company has a market capitalization of $44.84 billion, a P/E ratio of 82.30, a PEG ratio of 1.78 and a beta of 1.76.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, beating 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $970.44 million. During the same period in the prior year, the business earned $0.95 EPS. The firm’s revenue was up 43.9% compared to the same quarter last year. As a group, equities analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors 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 dividend on an annualized basis and a yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is presently 14.94%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TER shares. Citigroup boosted their target price on shares of Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. UBS Group upped their price objective on Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Stifel Nicolaus set a $325.00 target price on Teradyne in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.