Teradyne, Inc. (NASDAQ:TER) Shares Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

Key Points

• IQ EQ Fund Management Ireland Ltd increased its stake in Teradyne, Inc. by 62.7% during the first quarter, acquiring a total of 45,995 shares valued at approximately $3.8 million.
• Teradyne's CEO, Gregory Smith, sold 554 shares of the company's stock, reducing his ownership by 0.56%, with his remaining shares valued around $10.3 million.
• Teradyne approved a $1 billion stock buyback plan, indicating that the board believes the company's shares are undervalued.

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 62.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,995 shares of the company's stock after buying an additional 17,717 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Teradyne were worth $3,799,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Federated Hermes Inc. lifted its position in shares of Teradyne by 188.8% during the 1st quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company's stock valued at $173,943,000 after acquiring an additional 1,376,631 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after purchasing an additional 1,065,474 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Teradyne by 142.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock valued at $191,718,000 after purchasing an additional 894,849 shares during the last quarter. Aspex Management HK Ltd boosted its position in shares of Teradyne by 35.5% in the 4th quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock valued at $407,331,000 after purchasing an additional 847,409 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Teradyne by 54.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,428,012 shares of the company's stock worth $117,954,000 after purchasing an additional 504,944 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $105.73, for a total transaction of $58,574.42. Following the completion of the sale, the chief executive officer owned 97,547 shares of the company's stock, valued at approximately $10,313,644.31. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Teradyne Trading Down 3.0%

TER opened at $104.16 on Monday. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.19 and a beta of 1.72. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $144.16. The stock has a fifty day moving average price of $89.70 and a 200 day moving average price of $92.48.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The firm had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. Teradyne had a return on equity of 18.16% and a net margin of 16.59%. The business's revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 earnings per share. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne declared that its board has authorized a stock buyback plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.5%. Teradyne's dividend payout ratio (DPR) is presently 16.61%.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $102.00 price objective (up from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. UBS Group restated a "buy" rating and issued a $130.00 price target (up previously from $120.00) on shares of Teradyne in a research report on Thursday. Susquehanna decreased their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group reissued a "sell" rating and set a $85.00 target price on shares of Teradyne in a research note on Wednesday. Finally, Wall Street Zen cut Teradyne from a "hold" rating to a "sell" rating in a research report on Saturday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $114.44.

Teradyne Company Profile

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.

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