Patton Fund Management Inc. Buys Shares of 42,891 Teradyne, Inc. $TER

Key Points

• Patton Fund Management bought a new stake of 42,891 shares of Teradyne valued at about $8.30 million, making TER roughly 1.1% of the fund's holdings and its 18th-largest position.
• Teradyne posted a quarterly beat with EPS $1.80 vs. $1.36 consensus and revenue of $1.08 billion, up 43.9% year‑over‑year.
• Several analysts raised targets (Goldman $300, Evercore $280, Stifel $325), leaving an average price target of $289.53 and a consensus "Moderate Buy"; the stock recently traded near its 52‑week high (~$373) and has a market cap of about $58 billion.

Patton Fund Management Inc. bought a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 42,891 shares of the company's stock, valued at approximately $8,302,000. Teradyne comprises 1.1% of Patton Fund Management Inc.'s holdings, making the stock its 18th biggest holding.

A number of other large investors also recently modified their holdings of TER. Root Financial Partners LLC acquired a new position in shares of Teradyne during the third quarter valued at $31,000. Davidson Capital Management Inc. acquired a new position in shares of Teradyne during the third quarter valued at $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne during the second quarter valued at $35,000. Hemington Wealth Management increased its holdings in shares of Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company's stock valued at $36,000 after purchasing an additional 79 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teradyne during the fourth quarter valued at $37,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TER has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on Teradyne from $230.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, February 3rd. Evercore raised their price target on Teradyne from $200.00 to $280.00 and gave the company an "outperform" rating in a report on Monday, February 2nd. TD Cowen reissued a "buy" rating on shares of Teradyne in a report on Thursday, January 22nd. Royal Bank Of Canada set a $270.00 price target on Teradyne in a report on Monday, February 2nd. Finally, Stifel Nicolaus set a $325.00 price target on Teradyne 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $289.53.

Teradyne Stock Up 0.6%

NASDAQ:TER opened at $370.13 on Tuesday. The business's 50-day moving average price is $310.45 and its 200 day moving average price is $229.15. The firm has a market cap of $57.95 billion, a P/E ratio of 106.36, a PEG ratio of 2.22 and a beta of 1.79. Teradyne, Inc. has a 52-week low of $68.24 and a 52-week high of $373.00.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $970.44 million. During the same period in the previous year, the company earned $0.95 earnings per share. Teradyne's revenue was up 43.9% compared to the same quarter last year. Sell-side analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were given a $0.12 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne's dividend payout ratio (DPR) is 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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