Aspex Management HK Ltd Takes $199.72 Million Position in Teradyne, Inc. $TER

Aspex Management HK Ltd acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,031,838 shares of the company’s stock, valued at approximately $199,723,000. Teradyne accounts for approximately 4.0% of Aspex Management HK Ltd’s holdings, making the stock its 11th largest holding.

Other institutional investors also recently made changes to their positions in the company. ARK Investment Management LLC grew its stake in shares of Teradyne by 25.2% during the 3rd quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock valued at $374,701,000 after buying an additional 548,140 shares during the period. Nordea Investment Management AB boosted its position in Teradyne by 656.4% during the 4th quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock worth $24,554,000 after purchasing an additional 108,745 shares during the period. Gouws Capital LLC boosted its position in Teradyne by 96.0% during the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after purchasing an additional 7,505 shares during the period. Aspen Wealth Strategies LLC purchased a new stake in Teradyne during the 3rd quarter worth $577,000. Finally, Assenagon Asset Management S.A. boosted its position in Teradyne by 3,233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after purchasing an additional 882,723 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TER shares. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a research report on Thursday, April 30th. Wall Street Zen raised shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Cantor Fitzgerald upped their price target on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. The Goldman Sachs Group upped their price target on shares of Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $350.00 price target on shares of Teradyne in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $339.80.

Insider Activity

In related news, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the sale, the insider directly owned 15,066 shares in the company, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,941 shares of company stock worth $3,751,992 over the last three months. Corporate insiders own 0.19% of the company’s stock.

Teradyne Trading Up 5.7%

Shares of NASDAQ:TER opened at $403.20 on Friday. The firm’s 50 day moving average is $364.24 and its two-hundred day moving average is $291.25. Teradyne, Inc. has a 52 week low of $83.00 and a 52 week high of $422.11. The firm has a market capitalization of $63.12 billion, a P/E ratio of 74.67, a PEG ratio of 1.57 and a beta of 1.79.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $0.75 earnings per share. Teradyne’s revenue was up 87.0% compared to the same quarter last year. Analysts predict that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 21st. Teradyne’s payout ratio is 9.63%.

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.