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

NEOS Investment Management LLC lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 49.0% during the third quarter, Holdings Channel.com reports. The fund owned 13,583 shares of the company’s stock after acquiring an additional 4,467 shares during the period. NEOS Investment Management LLC’s holdings in Teradyne were worth $1,870,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hemington Wealth Management grew its position in Teradyne by 43.2% during the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Teradyne by 5.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,494 shares of the company’s stock valued at $206,000 after acquiring an additional 82 shares during the period. LS Investment Advisors LLC raised its stake in Teradyne by 2.3% in the 3rd quarter. LS Investment Advisors LLC now owns 3,945 shares of the company’s stock worth $543,000 after acquiring an additional 89 shares during the last quarter. CVA Family Office LLC lifted its position in Teradyne by 28.9% during the 3rd quarter. CVA Family Office LLC now owns 424 shares of the company’s stock worth $58,000 after acquiring an additional 95 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in Teradyne by 41.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $51,000 after purchasing an additional 108 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Teradyne Trading Up 2.8%

Shares of TER stock opened at $324.85 on Friday. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $327.99. The business’s 50 day moving average is $240.98 and its two-hundred day moving average is $178.43. The company has a market capitalization of $50.87 billion, a P/E ratio of 93.35, a P/E/G ratio of 1.96 and a beta of 1.83.

Teradyne (NASDAQ:TER) last announced its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $970.44 million. During the same period in the prior year, the company posted $0.95 EPS. The business’s quarterly revenue was up 43.9% on a year-over-year basis. On average, research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is presently 14.94%.

Analysts Set New Price Targets

TER has been the subject of several research analyst reports. Stifel Nicolaus set a $325.00 price objective on Teradyne in a research note on Wednesday, February 4th. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. increased their price objective on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Susquehanna reaffirmed a “positive” rating and issued a $335.00 price target on shares of Teradyne in a report on Wednesday, February 4th. Finally, Bank of America lifted their price objective on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.24.

Teradyne Company Profile

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.