Paradigm Capital Management Inc. NY Purchases New Shares in Teradyne, Inc. $TER

Key Points

• Paradigm Capital Management acquired 48,650 Teradyne shares in the second quarter, valued at approximately $23.5 million. Institutional investors collectively own 99.77% of the company.
• Analysts maintain a positive outlook, with Teradyne receiving a consensus “Moderate Buy” rating and an average price target of $396.80.
• Teradyne reported stronger-than-expected quarterly results, including $2.47 in EPS and $1.33 billion in revenue, while shares opened at $364.90 and the company announced a quarterly dividend of $0.13 per share.

Paradigm Capital Management Inc. NY acquired a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 48,650 shares of the company's stock, valued at approximately $23,539,000.

Several other hedge funds also recently made changes to their positions in TER. BlackRock Inc. acquired a new stake in shares of Teradyne during the 2nd quarter worth approximately $9,404,408,000. Andar Capital Management HK Ltd acquired a new position in Teradyne during the second quarter worth about $37,800,000. Norges Bank bought a new position in shares of Teradyne in the fourth quarter worth about $398,777,000. Wellington Management Group LLP boosted its stake in shares of Teradyne by 13,949.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company's stock valued at $280,357,000 after purchasing an additional 2,022,389 shares in the last quarter. Finally, Aspex Management HK Ltd bought a new stake in shares of Teradyne during the fourth quarter worth $199,723,000. 99.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TER shares. Stifel Nicolaus raised their price objective on Teradyne from $325.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, April 28th. Cantor Fitzgerald reissued an "overweight" rating and issued a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upgraded Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 price objective for the company in a research report on Thursday, April 30th. Weiss Ratings raised Teradyne from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $420.00 price objective on shares of Teradyne in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $396.80.

Teradyne Trading Down 2.9%

Shares of Teradyne stock opened at $364.90 on Tuesday. The business has a 50-day moving average price of $385.11 and a two-hundred day moving average price of $355.09. Teradyne, Inc. has a 1-year low of $109.56 and a 1-year high of $487.91. The company has a market cap of $57.05 billion, a P/E ratio of 50.05, a PEG ratio of 0.76 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm's revenue was up 103.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. Equities research analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

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

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 112,495 shares of the company's stock, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. 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. Company insiders own 0.19% of the company's stock.

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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