QRG Capital Management Inc. Has $9.75 Million Stake in Teradyne, Inc. $TER

QRG Capital Management Inc. reduced its holdings in Teradyne, Inc. (NASDAQ:TER) by 33.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,836 shares of the company’s stock after selling 35,731 shares during the period. QRG Capital Management Inc.’s holdings in Teradyne were worth $9,750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TER. Hemington Wealth Management raised its position in shares of Teradyne by 43.2% during the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Teradyne by 5.8% during the third quarter. Versant Capital Management Inc now owns 1,494 shares of the company’s stock worth $206,000 after buying an additional 82 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of Teradyne by 2.3% during the 3rd quarter. LS Investment Advisors LLC now owns 3,945 shares of the company’s stock worth $543,000 after buying an additional 89 shares during the period. Fulton Bank N.A. increased its stake in shares of Teradyne by 4.3% in the 2nd quarter. Fulton Bank N.A. now owns 2,722 shares of the company’s stock valued at $245,000 after acquiring an additional 113 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in shares of Teradyne by 29.4% during the second quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock worth $53,000 after purchasing an additional 133 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Trading Up 0.2%

Shares of TER stock opened at $228.15 on Friday. The firm’s fifty day moving average price is $194.38 and its two-hundred day moving average price is $147.65. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $238.92. The firm has a market capitalization of $35.73 billion, a P/E ratio of 82.96, a PEG ratio of 1.65 and a beta of 1.84.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The business had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. Teradyne’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is currently 17.45%.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the business’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 transaction, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

TER has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Evercore ISI increased their price target on Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Stifel Nicolaus lifted their price objective on Teradyne from $225.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley boosted their price objective on Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Finally, Susquehanna restated a “positive” rating and set a $275.00 target price on shares of Teradyne in a report on Monday, January 12th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average price target of $200.44.

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.