TD Asset Management Inc Purchases 108,933 Shares of Teradyne, Inc. $TER

TD Asset Management Inc grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 237.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 154,813 shares of the company’s stock after acquiring an additional 108,933 shares during the quarter. TD Asset Management Inc owned 0.10% of Teradyne worth $21,308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TER. Norges Bank bought a new stake in Teradyne in the 2nd quarter valued at about $152,854,000. Federated Hermes Inc. boosted its stake in shares of Teradyne by 79.7% in the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after buying an additional 1,679,215 shares during the period. Amundi boosted its stake in shares of Teradyne by 255.3% in the second quarter. Amundi now owns 1,812,001 shares of the company’s stock valued at $170,654,000 after buying an additional 1,302,025 shares during the period. Primecap Management Co. CA grew its position in Teradyne by 58.6% during the second quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock worth $274,036,000 after buying an additional 1,125,868 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its stake in Teradyne by 65.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock worth $194,770,000 after acquiring an additional 856,540 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TER has been the topic of several analyst reports. Evercore increased their target price on Teradyne from $200.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Bank of America increased their price objective on shares of Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. TD Cowen restated a “buy” rating on shares of Teradyne in a research report on Thursday, January 22nd. Cantor Fitzgerald increased their price target on shares of Teradyne from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Finally, Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average price target of $256.24.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Teradyne Stock Performance

NASDAQ TER opened at $320.03 on Friday. The firm’s fifty day moving average price is $254.69 and its two-hundred day moving average price is $186.68. The stock has a market cap of $50.10 billion, a PE ratio of 91.96, a PEG ratio of 1.98 and a beta of 1.83. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $344.92.

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

Teradyne Dividend Announcement

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

Teradyne 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.