Donoghue Forlines LLC Acquires Shares of 18,431 Teradyne, Inc. $TER

Donoghue Forlines LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 18,431 shares of the company’s stock, valued at approximately $2,537,000. Teradyne comprises 0.8% of Donoghue Forlines LLC’s holdings, making the stock its 18th largest holding.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in shares of Teradyne by 12.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after buying an additional 468 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Teradyne during the 1st quarter valued at about $297,000. Strs Ohio acquired a new stake in Teradyne during the first quarter worth about $795,000. Czech National Bank lifted its holdings in Teradyne by 4.8% in the second quarter. Czech National Bank now owns 39,212 shares of the company’s stock worth $3,526,000 after acquiring an additional 1,806 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Teradyne by 9.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 60,400 shares of the company’s stock valued at $5,431,000 after acquiring an additional 5,100 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

TER has been the subject of several recent research reports. Citigroup upped their target price on Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price objective on shares of Teradyne in a research note on Tuesday, December 16th. Vertical Research cut Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research note on Friday, January 9th. Susquehanna reissued a “positive” rating and set a $275.00 price target on shares of Teradyne in a report on Monday, January 12th. Finally, The Goldman Sachs Group raised shares of Teradyne from a “sell” rating to a “buy” rating and increased their price objective for the stock from $148.00 to $230.00 in a report on Monday, December 15th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $200.44.

Teradyne Stock Performance

Shares of TER stock opened at $228.15 on Friday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $238.92. The business’s fifty day moving average is $194.38 and its 200-day moving average is $147.65. The stock has a market cap of $35.73 billion, a PE ratio of 82.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.84.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.07. The business had revenue of $769.21 million during the quarter, compared to analyst estimates of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Equities research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

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

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by insiders.

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.