Dynamic Technology Lab Private Ltd Purchases Shares of 8,327 Teradyne, Inc. $TER

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Teradyne, purchasing 8,327 shares valued at approximately $688,000 in Q1 2023.
• Several hedge funds, including DAVENPORT & Co LLC and Wealth Enhancement Advisory Services LLC, have increased their stakes in Teradyne significantly during the same period.
• Teradyne announced a quarterly dividend of $0.12 per share, set to be paid on September 29th, with an annualized yield of 0.4%.

Dynamic Technology Lab Private Ltd acquired a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,327 shares of the company's stock, valued at approximately $688,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TER. Berbice Capital Management LLC increased its holdings in Teradyne by 200.0% in the first quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock valued at $25,000 after buying an additional 200 shares during the last quarter. Manchester Capital Management LLC increased its holdings in Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock valued at $37,000 after buying an additional 140 shares during the last quarter. Brooklyn Investment Group increased its holdings in Teradyne by 189.9% in the first quarter. Brooklyn Investment Group now owns 461 shares of the company's stock valued at $38,000 after buying an additional 302 shares during the last quarter. Sentry Investment Management LLC bought a new stake in Teradyne in the first quarter valued at about $45,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of Teradyne by 319.0% during the first quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock valued at $49,000 after purchasing an additional 453 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TER. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $102.00 target price (up from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Morgan Stanley raised Teradyne from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $74.00 to $100.00 in a report on Thursday, July 31st. Stifel Nicolaus upped their target price on Teradyne from $85.00 to $100.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Cowen reaffirmed a "buy" rating on shares of Teradyne in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $85.00 target price on shares of Teradyne in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and an average price target of $114.44.

Teradyne Price Performance

Shares of NASDAQ TER traded down $3.32 during midday trading on Friday, hitting $112.24. 5,903,343 shares of the company's stock were exchanged, compared to its average volume of 3,296,807. The firm has a market cap of $17.85 billion, a P/E ratio of 38.84, a PEG ratio of 2.43 and a beta of 1.80. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $144.16. The stock's 50 day moving average price is $106.14 and its 200-day moving average price is $91.71.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. The firm had revenue of $651.80 million during the quarter, compared to the consensus estimate of $649.02 million. Teradyne had a return on equity of 18.16% and a net margin of 16.59%.The firm's revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. On average, analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 5th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, September 5th. Teradyne's dividend payout ratio is 16.61%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total value of $58,724.00. Following the completion of the sale, the chief executive officer directly owned 96,993 shares in the company, valued at $10,281,258. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.