4,010 Shares in Teradyne, Inc. $TER Purchased by Nicholas Investment Partners LP

Key Points

• Nicholas Investment Partners LP initiated a Teradyne stake of 4,010 shares valued at approximately $1.94 million in the second quarter. Institutional investors collectively own 99.77% of Teradyne.
• Teradyne reported strong quarterly results, with EPS of $2.47 versus the $2.09 consensus estimate and revenue of $1.33 billion, up 103.9% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $396.80.
• CEO Gregory Stephen Smith sold 4,000 shares for $1.7 million under a pre-arranged Rule 10b5-1 plan. Teradyne also declared a quarterly dividend of $0.13 per share, equivalent to a 0.1% yield.

Nicholas Investment Partners LP purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,010 shares of the company's stock, valued at approximately $1,940,000.

Several other hedge funds have also bought and sold shares of TER. Community Financial Services Group LLC bought a new stake in shares of Teradyne in the 2nd quarter worth approximately $29,000. Elevation Wealth Partners LLC increased its position in Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company's stock valued at $34,000 after buying an additional 66 shares in the last quarter. Mcdonald Partners LLC bought a new position in Teradyne during the 2nd quarter valued at approximately $36,000. Hilltop National Bank purchased a new position in Teradyne during the second quarter valued at $41,000. Finally, McIlrath & Eck LLC bought a new stake in Teradyne in the first quarter worth $30,000. Institutional investors own 99.77% of the company's stock.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief executive officer owned 112,495 shares of the company's stock, valued at approximately $47,810,375. The trade was a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TER shares. Morgan Stanley increased their target price on Teradyne from $387.00 to $397.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 30th. Susquehanna lifted their price target on Teradyne from $415.00 to $550.00 and gave the stock a "positive" rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded shares of Teradyne from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. Evercore reissued an "outperform" rating and set a $420.00 price objective on shares of Teradyne in a research report on Thursday, July 30th. Finally, UBS Group raised their price objective on shares of Teradyne from $440.00 to $500.00 and gave the company a "buy" rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $396.80.

Teradyne Trading Down 2.9%

Shares of TER opened at $364.90 on Tuesday. The business's fifty day simple moving average is $385.11 and its two-hundred day simple moving average is $355.09. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91. The company has a market cap of $57.05 billion, a price-to-earnings ratio of 50.05, a P/E/G ratio of 0.76 and a beta of 1.78.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company earned $0.57 EPS. The company's quarterly revenue was up 103.9% compared to the same quarter last year. As a group, research analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, September 4th. Teradyne's dividend payout ratio (DPR) is presently 7.13%.

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.

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