Alkeon Capital Management LLC Has $173.81 Million Stock Holdings in Teradyne, Inc. $TER

Alkeon Capital Management LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 30.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,932,910 shares of the company’s stock after buying an additional 450,000 shares during the quarter. Alkeon Capital Management LLC’s holdings in Teradyne were worth $173,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in TER. Bank of Nova Scotia grew its holdings in shares of Teradyne by 546.5% during the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock valued at $8,835,000 after acquiring an additional 83,055 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Teradyne by 3.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock valued at $24,908,000 after purchasing an additional 9,094 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Teradyne by 73.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock worth $412,000 after purchasing an additional 1,939 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Teradyne by 17.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company’s stock worth $11,893,000 after purchasing an additional 21,219 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Teradyne by 231.5% during the 2nd quarter. QRG Capital Management Inc. now owns 106,567 shares of the company’s stock worth $9,583,000 after purchasing an additional 74,417 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total transaction of $199,661.60. Following the transaction, the chief executive officer owned 94,517 shares in the company, valued at approximately $17,031,963.40. The trade was a 1.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 2,770 shares of company stock worth $430,608. Insiders own 0.16% of the company’s stock.

Teradyne Stock Performance

Teradyne stock opened at $193.37 on Friday. The business’s 50-day simple moving average is $167.80 and its 200-day simple moving average is $126.10. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $205.00. The firm has a market capitalization of $30.28 billion, a PE ratio of 70.32, a PEG ratio of 2.13 and a beta of 1.85.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. During the same period in the previous year, the business posted $0.90 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, November 24th 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 is Monday, November 24th. Teradyne’s dividend payout ratio is presently 17.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TER shares. Evercore ISI boosted their price target on Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Morgan Stanley increased their price target on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Bank of America upgraded shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Wednesday, October 29th. UBS Group raised their target price on Teradyne from $165.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $176.88.

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.