Polar Asset Management Partners Inc. Invests $15.76 Million in Teradyne, Inc. $TER

Polar Asset Management Partners Inc. purchased a new position in Teradyne, Inc. (NASDAQ:TER) during the third quarter, Holdings Channel reports. The fund purchased 114,520 shares of the company’s stock, valued at approximately $15,763,000.

Several other institutional investors also recently added to or reduced their stakes in TER. Root Financial Partners LLC bought a new position in shares of Teradyne during the 3rd quarter valued at approximately $31,000. Davidson Capital Management Inc. purchased a new stake in shares of Teradyne during the 3rd quarter worth approximately $31,000. CYBER HORNET ETFs LLC bought a new stake in shares of Teradyne in the 2nd quarter worth approximately $35,000. Hemington Wealth Management raised its holdings in shares of Teradyne by 43.2% in 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 period. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in Teradyne in the third quarter valued at approximately $41,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 0.2%

Teradyne stock opened at $300.07 on Thursday. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $344.92. The firm has a market capitalization of $46.98 billion, a price-to-earnings ratio of 86.23, a P/E/G ratio of 1.86 and a beta of 1.76. The firm has a 50 day simple moving average of $279.35 and a 200 day simple moving average of $203.49.

Teradyne (NASDAQ:TER) last posted its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $970.44 million. During the same quarter in the prior year, the business posted $0.95 earnings per share. The business’s quarterly revenue was up 43.9% on a year-over-year basis. On average, equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Teradyne’s dividend payout ratio is 14.94%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TER shares. Citigroup increased their price objective on Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Royal Bank Of Canada set a $270.00 target price on Teradyne in a research note on Monday, February 2nd. Morgan Stanley set a $306.00 price target on Teradyne in a research report on Wednesday, February 11th. UBS Group increased their price target on Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $273.73.

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.