NEOS Investment Management LLC Increases Position in Teradyne, Inc. $TER

NEOS Investment Management LLC lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 427.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,326 shares of the company’s stock after buying an additional 95,081 shares during the period. NEOS Investment Management LLC owned approximately 0.08% of Teradyne worth $56,767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Teradyne during the 4th quarter valued at approximately $28,000. Community Financial Services Group LLC acquired a new stake in Teradyne during the 2nd quarter worth approximately $29,000. McIlrath & Eck LLC purchased a new position in shares of Teradyne in the 1st quarter valued at approximately $30,000. Elevation Wealth Partners LLC increased its holdings in shares of Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

Insider Activity at Teradyne

In related news, CEO Gregory Smith sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares in the company, valued at $47,810,375. This trade represents 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 Price Performance

Shares of TER stock opened at $338.59 on Friday. The business’s fifty day moving average price is $372.18 and its 200 day moving average price is $358.05. Teradyne, Inc. has a 1-year low of $109.56 and a 1-year high of $487.91. The firm has a market capitalization of $52.94 billion, a PE ratio of 46.45, a P/E/G ratio of 0.69 and a beta of 1.78.

Teradyne (NASDAQ:TERGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business posted $0.57 earnings per share. Teradyne’s revenue was up 103.9% compared to the same quarter last year. Equities research analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is currently 7.13%.

Analyst Upgrades and Downgrades

TER has been the topic of a number of analyst reports. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. UBS Group upped their price objective on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Morgan Stanley lifted their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, Evercore reiterated an “outperform” rating and set a $420.00 price target on shares of Teradyne in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Get Our Latest Report on Teradyne

Teradyne Profile

(Free Report)

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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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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