Teradyne, Inc. (NASDAQ:TER) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 49.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,308 shares of the company’s stock after acquiring an additional 9,388 shares during the period. UniSuper Management Pty Ltd’s holdings in Teradyne were worth $3,194,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Mutual of America Capital Management LLC boosted its stake in Teradyne by 6.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock worth $4,555,000 after buying an additional 2,590 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Teradyne by 8,125.5% in the 4th quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock worth $14,443,000 after buying an additional 131,470 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Teradyne by 6.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 158,270 shares of the company’s stock worth $16,104,000 after buying an additional 9,960 shares during the last quarter. Caxton Associates LP acquired a new stake in Teradyne in the 4th quarter worth about $1,560,000. Finally, Janney Montgomery Scott LLC boosted its stake in Teradyne by 8.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock worth $21,295,000 after buying an additional 14,272 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Citigroup raised their price target on Teradyne from $112.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Northland Securities lowered Teradyne from an “outperform” rating to a “market perform” rating and set a $136.00 price objective on the stock. in a research note on Thursday, July 18th. Robert W. Baird lifted their price objective on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus lifted their price objective on Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. Finally, Evercore ISI initiated coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $142.14.

Teradyne Stock Performance

Shares of NASDAQ:TER traded down $2.19 during mid-day trading on Tuesday, hitting $152.27. 1,308,375 shares of the company traded hands, compared to its average volume of 2,006,220. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $163.21. The firm’s 50 day simple moving average is $146.85 and its 200 day simple moving average is $120.91. The firm has a market cap of $23.77 billion, a P/E ratio of 57.90, a PEG ratio of 2.74 and a beta of 1.50.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same period in the previous year, the business earned $0.55 EPS. Teradyne’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts expect that Teradyne, Inc. will post 3.05 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.32%. Teradyne’s dividend payout ratio is presently 18.25%.

Insiders Place Their Bets

In other news, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total value of $688,888.20. Following the completion of the transaction, the insider now owns 21,780 shares in the company, valued at approximately $2,997,799.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total value of $688,888.20. Following the completion of the transaction, the insider now owns 21,780 shares in the company, valued at approximately $2,997,799.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. Insiders have sold 10,005 shares of company stock worth $1,304,763 in the last three months. 0.36% of the stock is owned by insiders.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.