Assenagon Asset Management S.A. Has $3.76 Million Position in Teradyne, Inc. $TER

Assenagon Asset Management S.A. lessened its position in shares of Teradyne, Inc. (NASDAQ:TER) by 97.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,300 shares of the company’s stock after selling 1,089,969 shares during the period. Assenagon Asset Management S.A.’s holdings in Teradyne were worth $3,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in shares of Teradyne during the third quarter worth about $616,000. Oak Thistle LLC bought a new position in shares of Teradyne during the third quarter valued at $935,000. GAMMA Investing LLC lifted its holdings in shares of Teradyne by 24.2% during the third quarter. GAMMA Investing LLC now owns 5,083 shares of the company’s stock worth $700,000 after purchasing an additional 992 shares during the period. Trust Co of the South bought a new stake in shares of Teradyne in the third quarter worth $248,000. Finally, Orion Porfolio Solutions LLC acquired a new stake in Teradyne in the second quarter valued at $830,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TER has been the subject of several analyst reports. Industrial Alliance Securities set a $175.00 target price on Teradyne in a research report on Tuesday, October 28th. Morgan Stanley raised their price objective on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Robert W. Baird set a $195.00 target price on Teradyne in a report on Friday, October 31st. Stifel Nicolaus set a $225.00 target price on shares of Teradyne and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $185.75.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at $18,804,165.79. The trade was a 1.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 3,324 shares of company stock valued at $583,639. Company insiders own 0.16% of the company’s stock.

Teradyne Stock Performance

Teradyne stock opened at $197.22 on Tuesday. The stock’s 50 day moving average price is $173.92 and its two-hundred day moving average price is $131.46. The stock has a market capitalization of $30.89 billion, a price-to-earnings ratio of 71.72, a PEG ratio of 2.04 and a beta of 1.85. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $205.00.

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

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, November 24th. Teradyne’s dividend payout ratio is 17.45%.

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.