Assenagon Asset Management S.A. Buys 882,723 Shares of Teradyne, Inc. $TER

Assenagon Asset Management S.A. grew its stake in Teradyne, Inc. (NASDAQ:TER) by 3,233.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 910,023 shares of the company’s stock after buying an additional 882,723 shares during the period. Assenagon Asset Management S.A.’s holdings in Teradyne were worth $176,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Teradyne by 2.1% during the third quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after acquiring an additional 444,940 shares during the period. State Street Corp lifted its holdings in Teradyne by 0.3% in the 3rd quarter. State Street Corp now owns 7,017,649 shares of the company’s stock worth $965,909,000 after purchasing an additional 24,154 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Teradyne by 6.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock worth $723,600,000 after purchasing an additional 336,757 shares during the period. Federated Hermes Inc. grew its holdings in Teradyne by 79.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after buying an additional 1,679,215 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Teradyne by 11.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock worth $490,134,000 after acquiring an additional 354,876 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TER has been the topic of several research reports. The Goldman Sachs Group lifted their target price on Teradyne from $230.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Citigroup increased their target price on Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Robert W. Baird set a $305.00 price objective on Teradyne in a research note on Wednesday, February 4th. UBS Group boosted their target price on Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada set a $270.00 price target on Teradyne in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $273.73.

Teradyne Trading Up 4.5%

Shares of TER opened at $303.92 on Tuesday. The firm has a fifty day moving average price of $284.13 and a 200-day moving average price of $207.88. The firm has a market capitalization of $47.58 billion, a P/E ratio of 87.33, a P/E/G ratio of 1.80 and a beta of 1.76. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $344.92.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $970.44 million. During the same quarter last year, the firm posted $0.95 EPS. The firm’s revenue was up 43.9% compared to the same quarter last year. Analysts predict 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 was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is 14.94%.

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.