BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 13.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,816 shares of the company’s stock after purchasing an additional 3,581 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Teradyne were worth $4,128,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. NewEdge Wealth LLC grew its holdings in shares of Teradyne by 381.0% during the 1st quarter. NewEdge Wealth LLC now owns 12,404 shares of the company’s stock valued at $1,509,000 after acquiring an additional 9,825 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Teradyne by 9.0% during the 1st quarter. MML Investors Services LLC now owns 18,728 shares of the company’s stock valued at $2,279,000 after acquiring an additional 1,539 shares in the last quarter. Selective Wealth Management Inc. purchased a new position in shares of Teradyne during the 2nd quarter valued at $67,000. Vontobel Asset Management Inc. grew its holdings in shares of Teradyne by 31.4% during the 1st quarter. Vontobel Asset Management Inc. now owns 2,853,727 shares of the company’s stock valued at $360,200,000 after acquiring an additional 681,938 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Teradyne by 1.1% during the 1st quarter. Alliancebernstein L.P. now owns 357,143 shares of the company’s stock valued at $43,457,000 after acquiring an additional 3,903 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Shares of Teradyne stock opened at $122.32 on Wednesday. The company has a current ratio of 2.74, a quick ratio of 2.51 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 1.56 and a beta of 1.27. Teradyne, Inc. has a 1-year low of $74.20 and a 1-year high of $147.90. The firm’s 50-day moving average price is $122.22 and its two-hundred day moving average price is $124.06.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Wednesday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. Teradyne’s payout ratio is 8.66%.
Several research firms recently issued reports on TER. Susquehanna Bancshares raised shares of Teradyne from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $148.00 to $165.00 in a research note on Thursday, July 29th. Evercore ISI lifted their price objective on shares of Teradyne from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, June 21st. Rosenblatt Securities reissued a “buy” rating and set a $180.00 target price on shares of Teradyne in a research report on Thursday, August 26th. Finally, Susquehanna raised shares of Teradyne from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $148.00 to $165.00 in a research report on Thursday, July 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $140.56.
In related news, Director Marilyn Matz sold 4,157 shares of the stock in a transaction that occurred on Friday, September 10th. The shares were sold at an average price of $120.18, for a total value of $499,588.26. Following the transaction, the director now directly owns 13,976 shares in the company, valued at $1,679,635.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.36% of the company’s stock.
Teradyne, Inc engages in the development and sale of self automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, and Wireless Test. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.
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