Nicholas Investment Partners LP Buys Shares of 4,010 Teradyne, Inc. $TER

Nicholas Investment Partners LP purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,010 shares of the company’s stock, valued at approximately $1,940,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne in the fourth quarter worth $28,000. Community Financial Services Group LLC bought a new position in Teradyne in the second quarter valued at about $29,000. McIlrath & Eck LLC bought a new position in Teradyne in the first quarter valued at about $30,000. Elevation Wealth Partners LLC boosted its position in Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after purchasing an additional 66 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Teradyne in the second quarter worth about $35,000. 99.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TER has been the subject of a number of recent research reports. Weiss Ratings raised shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Morgan Stanley raised their price objective on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. Citigroup upped their target price on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Evercore reiterated an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $396.80.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the sale, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $364.90 on Tuesday. The stock has a 50-day simple moving average of $385.11 and a two-hundred day simple moving average of $355.09. The firm has a market capitalization of $57.05 billion, a PE ratio of 50.05, a P/E/G ratio of 0.76 and a beta of 1.78. Teradyne, Inc. has a 52-week low of $109.56 and a 52-week high of $487.91.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was up 103.9% compared to the same quarter last year. Equities analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne’s dividend payout ratio is currently 7.13%.

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.