Chapin Davis Inc. Has $203,000 Stake in Teradyne, Inc. $TER

Chapin Davis Inc. lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 98.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 420 shares of the company’s stock after selling 31,370 shares during the period. Chapin Davis Inc.’s holdings in Teradyne were worth $203,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TER. SPX Gestao de Recursos Ltda bought a new position in shares of Teradyne during the second quarter worth approximately $1,870,000. Wellington Management Group LLP boosted its stake in shares of Teradyne by 49.5% in the second quarter. Wellington Management Group LLP now owns 52,808 shares of the company’s stock valued at $25,551,000 after buying an additional 17,487 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in Teradyne during the second quarter worth approximately $878,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Teradyne during the second quarter worth approximately $532,000. Finally, Rakuten Investment Management Inc. bought a new position in Teradyne during the 2nd quarter worth $26,837,000. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TER has been the subject of several analyst reports. Weiss Ratings raised Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. UBS Group raised their price target on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 price objective on shares of Teradyne in a research report on Tuesday, July 28th. Finally, Morgan Stanley increased their price objective on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Stock Down 4.6%

Shares of TER stock opened at $354.97 on Friday. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91. The stock’s fifty day simple moving average is $380.37 and its 200 day simple moving average is $356.92. The firm has a market capitalization of $55.50 billion, a P/E ratio of 48.69, a P/E/G ratio of 0.75 and a beta of 1.78.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 103.9% on a year-over-year basis. As a group, equities research analysts expect that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, September 4th. Teradyne’s dividend payout ratio is 7.13%.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was 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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

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.