Engineers Gate Manager LP Has $17.50 Million Position in Teradyne, Inc. $TER

Engineers Gate Manager LP cut its stake in Teradyne, Inc. (NASDAQ:TER) by 42.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 36,165 shares of the company’s stock after selling 27,026 shares during the period. Engineers Gate Manager LP’s holdings in Teradyne were worth $17,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Teradyne by 12.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after buying an additional 468 shares during the period. Caxton Associates LLP bought a new position in Teradyne in the 1st quarter valued at about $297,000. Cresset Asset Management LLC raised its holdings in Teradyne by 11.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock valued at $608,000 after acquiring an additional 702 shares during the period. NewEdge Advisors LLC lifted its position in Teradyne by 467.1% during the second quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after acquiring an additional 2,807 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Teradyne by 5.1% during the second quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after acquiring an additional 3,651 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TER. UBS Group boosted their price objective on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Robert W. Baird reiterated a “neutral” rating and set a $420.00 target price on shares of Teradyne in a research note on Friday, August 21st. The Goldman Sachs Group reissued a “buy” rating and set a $465.00 price target on shares of Teradyne in a report on Tuesday, July 28th. Bank of America boosted their price target on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Evercore reaffirmed an “outperform” rating and issued a $420.00 price objective on shares of Teradyne in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the business’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 completion of the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.

Teradyne Stock Up 3.1%

TER opened at $383.69 on Thursday. The stock has a market capitalization of $59.99 billion, a price-to-earnings ratio of 52.63, a P/E/G ratio of 0.75 and a beta of 1.78. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91. The company has a 50-day simple moving average of $365.35 and a 200 day simple moving average of $359.59.

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

Teradyne Dividend Announcement

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

About Teradyne

Teradyne, Inc (NASDAQ: TER) develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company’s semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.