37,907 Shares in Teradyne, Inc. $TER Purchased by Bell Asset Management Ltd

Key Points

• Bell Asset Management bought a new position of 37,907 shares of Teradyne (NASDAQ:TER) in Q3, worth about $5.22 million, making it roughly 1.4% of the firm's portfolio and its 19th largest holding.
• Teradyne reported strong quarterly results, with $1.80 EPS vs. $1.36 expected and $1.08B revenue (up 43.9% year-over-year), while major institutions—including Vanguard, Ameriprise and Primecap—have been increasing their stakes, leaving institutional ownership near 99.8%.
• Corporate and market signals: the company announced a $0.12 quarterly dividend (0.2% yield), CEO Gregory Smith sold a small amount of shares, and analysts hold a "Moderate Buy" consensus with an average price target around $256.

Bell Asset Management Ltd bought a new position in Teradyne, Inc. (NASDAQ:TER - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,907 shares of the company's stock, valued at approximately $5,218,000. Teradyne comprises approximately 1.4% of Bell Asset Management Ltd's portfolio, making the stock its 19th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 444,940 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Teradyne by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company's stock worth $442,413,000 after purchasing an additional 143,058 shares during the last quarter. Federated Hermes Inc. boosted its position 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 purchasing an additional 1,679,215 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Teradyne by 11.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company's stock worth $490,134,000 after buying an additional 354,876 shares during the last quarter. Finally, Primecap Management Co. CA grew its stake in Teradyne by 58.6% during the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company's stock worth $274,036,000 after buying an additional 1,125,868 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the business's stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company's stock.

Teradyne Stock Performance

Shares of TER stock opened at $273.05 on Monday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $344.92. The firm has a market capitalization of $42.75 billion, a PE ratio of 78.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.76. The stock has a fifty day moving average of $265.14 and a two-hundred day moving average of $193.96.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $970.44 million. During the same period last year, the company earned $0.95 earnings per share. The company's quarterly revenue was up 43.9% compared to the same quarter last year. Equities research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne's dividend payout ratio (DPR) is presently 14.94%.

Analysts Set New Price Targets

A number of research firms have issued reports on TER. Stifel Nicolaus set a $325.00 target price on Teradyne in a research note on Wednesday, February 4th. Vertical Research lowered shares of Teradyne from a "buy" rating to a "hold" rating and set a $220.00 price target for the company. in a research report on Friday, January 9th. Northland Securities reaffirmed a "market perform" rating and issued a $270.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. TD Cowen reiterated a "buy" rating on shares of Teradyne in a research report on Thursday, January 22nd. Finally, Citigroup boosted their target price on shares of Teradyne from $215.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.24.

About Teradyne

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.

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