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75,448 Shares in Teradyne, Inc. $TER Purchased by Nykredit A S

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Key Points

  • Nykredit A/S purchased 75,448 Teradyne shares during the second quarter, valued at approximately $36.5 million. Institutional investors and hedge funds collectively own 99.77% of the company.
  • Teradyne reported stronger-than-expected quarterly results, with EPS of $2.47 versus the $2.09 consensus and revenue of $1.33 billion, up 103.9% year over year.
  • Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $396.80, while Teradyne announced a quarterly dividend of $0.13 per share.
  • Interested in Teradyne? Here are five stocks we like better.

Nykredit A S bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 75,448 shares of the company's stock, valued at approximately $36,505,000.

Several other institutional investors also recently bought and sold shares of the company. Carolina Wealth Advisors LLC increased its stake in Teradyne by 42.5% during the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company's stock worth $55,000 after purchasing an additional 34 shares during the period. Vestor Capital LLC boosted its stake in shares of Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company's stock valued at $85,000 after purchasing an additional 38 shares during the period. Ashton Thomas Private Wealth LLC boosted its stake in shares of Teradyne by 5.8% in the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company's stock valued at $352,000 after purchasing an additional 40 shares during the period. UMB Bank n.a. grew its holdings in shares of Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company's stock valued at $444,000 after purchasing an additional 40 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company's stock worth $645,000 after buying an additional 41 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Down 0.9%

Shares of Teradyne stock opened at $338.59 on Friday. Teradyne, Inc. has a 52-week low of $109.56 and a 52-week high of $487.91. The company has a 50 day moving average of $372.18 and a 200 day moving average of $358.05. The company has a market capitalization of $52.94 billion, a P/E ratio of 46.45, a P/E/G ratio of 0.69 and a beta of 1.78.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $0.57 EPS. The company's quarterly revenue was up 103.9% compared to the same quarter last year. As a group, research analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne's payout ratio is presently 7.13%.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the firm's stock in a transaction on 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 sale, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on TER. Cantor Fitzgerald reissued an "overweight" rating and issued a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Wall Street Zen lowered Teradyne from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $465.00 price objective on shares of Teradyne in a research report on Tuesday, July 28th. Robert W. Baird reiterated a "neutral" rating and issued a $420.00 price objective on shares of Teradyne in a research note on Friday, August 21st. Finally, Morgan Stanley lifted their target price on Teradyne from $387.00 to $397.00 and gave the company an "equal weight" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued 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.

Get Our Latest Stock Report on Teradyne

Key Teradyne News

Here are the key news stories impacting Teradyne this week:

Teradyne Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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