Dimensional Fund Advisors LP Has $157.43 Million Position in Teradyne, Inc. $TER

Key Points

• Dimensional Fund Advisors increased its Q3 stake in Teradyne by 3.3% to 1,144,071 shares (about $157.43 million), and institutional investors now own roughly 99.77% of the company.
• Teradyne beat the quarter with EPS $1.80 versus $1.36 expected and revenue of $1.08B (+43.9% YoY), triggering analyst upgrades and a consensus "Moderate Buy" rating with an average price target of $256.24 (Citigroup raised its target to $325).
• CEO Gregory Smith sold 1,108 shares (a 1.17% reduction in his holding), insiders own just 0.16% of the stock, and the company announced a quarterly dividend of $0.12 (annualized $0.48, ~0.2% yield).

Dimensional Fund Advisors LP lifted its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,144,071 shares of the company's stock after purchasing an additional 36,901 shares during the quarter. Dimensional Fund Advisors LP owned about 0.73% of Teradyne worth $157,434,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Huntington National Bank boosted its holdings in shares of Teradyne by 1.8% in the third quarter. Huntington National Bank now owns 3,566 shares of the company's stock valued at $491,000 after buying an additional 64 shares during the period. Hemington Wealth Management lifted its position in Teradyne by 43.2% in the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company's stock valued at $36,000 after acquiring an additional 79 shares in the last quarter. Versant Capital Management Inc boosted its stake in Teradyne by 5.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,494 shares of the company's stock worth $206,000 after purchasing an additional 82 shares during the period. LS Investment Advisors LLC increased its holdings in Teradyne by 2.3% during the 3rd quarter. LS Investment Advisors LLC now owns 3,945 shares of the company's stock worth $543,000 after purchasing an additional 89 shares in the last quarter. Finally, CVA Family Office LLC raised its stake in shares of Teradyne by 28.9% in the 3rd quarter. CVA Family Office LLC now owns 424 shares of the company's stock valued at $58,000 after purchasing an additional 95 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the business's stock in a transaction on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

TER has been the subject of several recent research reports. Zacks Research raised Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 4th. Stifel Nicolaus set a $325.00 target price on Teradyne in a research note on Wednesday, February 4th. Robert W. Baird set a $305.00 price target on Teradyne in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Teradyne in a research note on Thursday, January 22nd. Finally, Citigroup lifted their price objective on shares of Teradyne from $215.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and a consensus price target of $256.24.

Teradyne Stock Performance

NASDAQ:TER opened at $296.44 on Tuesday. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $344.92. The company has a market cap of $46.41 billion, a P/E ratio of 85.18, a P/E/G ratio of 1.69 and a beta of 1.76. The stock's 50-day simple moving average is $267.12 and its 200 day simple moving average is $195.28.

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 the consensus estimate of $1.36 by $0.44. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The business's quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. As a group, equities analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

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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