Dimensional Fund Advisors LP Has $157.43 Million Stock Holdings in Teradyne, Inc. $TER

Dimensional Fund Advisors LP increased its position in Teradyne, Inc. (NASDAQ:TER) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,144,071 shares of the company’s stock after purchasing an additional 36,901 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Teradyne were worth $157,434,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Teradyne by 2.1% during the third quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock worth $2,947,935,000 after buying an additional 444,940 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Teradyne by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after buying an additional 143,058 shares during the period. Federated Hermes Inc. lifted its position 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 last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Teradyne by 11.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock worth $490,134,000 after acquiring an additional 354,876 shares during the period. Finally, Primecap Management Co. CA boosted its stake in shares of Teradyne by 58.6% during the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock worth $274,036,000 after acquiring an additional 1,125,868 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’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 transaction, the chief executive officer directly 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 available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the topic of a number of research analyst reports. Susquehanna restated a “positive” rating and issued a $335.00 price target on shares of Teradyne in a research note on Wednesday, February 4th. Royal Bank Of Canada set a $270.00 price objective on shares of Teradyne in a research report on Monday, February 2nd. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Evercore increased their price objective on shares of Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Finally, Morgan Stanley set a $306.00 target price on shares of Teradyne in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $256.24.

Teradyne Trading Up 8.6%

NASDAQ:TER opened at $296.44 on Tuesday. The stock has a 50 day simple moving average of $267.12 and a 200 day simple moving average of $195.28. The stock has a market cap of $46.41 billion, a P/E ratio of 85.18, a PEG ratio of 1.69 and a beta of 1.76. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $344.92.

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

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is 14.94%.

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.