ING Groep NV Invests $3.92 Million in Teradyne, Inc. $TER

ING Groep NV acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,239 shares of the company’s stock, valued at approximately $3,917,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ARK Investment Management LLC boosted its holdings in Teradyne by 25.2% during the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock worth $374,701,000 after buying an additional 548,140 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Teradyne by 656.4% during the fourth quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock worth $24,554,000 after buying an additional 108,745 shares in the last quarter. Gouws Capital LLC boosted its holdings in Teradyne by 96.0% during the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after buying an additional 7,505 shares in the last quarter. Aspen Wealth Strategies LLC purchased a new position in Teradyne during the third quarter worth approximately $577,000. Finally, Assenagon Asset Management S.A. boosted its position in Teradyne by 3,233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after purchasing an additional 882,723 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the transaction, the insider owned 15,066 shares in the company, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares in the company, valued at approximately $42,192,840.60. The trade was a 6.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 10,941 shares of company stock worth $3,751,992. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on TER shares. UBS Group increased their price target on Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Cantor Fitzgerald increased their price target on Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Robert W. Baird set a $350.00 price target on Teradyne in a research report on Thursday, April 30th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a research report on Thursday, April 30th. Finally, Evercore set a $370.00 price target on Teradyne in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Price Performance

NASDAQ TER opened at $374.69 on Tuesday. The company has a market cap of $58.65 billion, a PE ratio of 69.39, a price-to-earnings-growth ratio of 1.47 and a beta of 1.79. The stock’s 50 day simple moving average is $357.82 and its 200-day simple moving average is $286.13. Teradyne, Inc. has a 1-year low of $83.00 and a 1-year high of $422.11.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The business’s quarterly revenue was up 87.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. On average, equities research analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is 9.63%.

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.