OFI Invest Asset Management Makes New $12.48 Million Investment in Teradyne, Inc. $TER

OFI Invest Asset Management acquired a new position in Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 64,450 shares of the company’s stock, valued at approximately $12,475,000.

A number of other large investors have also added to or reduced their stakes in TER. Integrated Wealth Concepts LLC increased its stake in Teradyne by 12.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after acquiring an additional 468 shares during the last quarter. Caxton Associates LLP bought a new stake in Teradyne in the 1st quarter worth approximately $297,000. M&T Bank Corp increased its position in shares of Teradyne by 2.9% during the 2nd quarter. M&T Bank Corp now owns 7,569 shares of the company’s stock valued at $680,000 after purchasing an additional 214 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Teradyne during the 2nd quarter valued at approximately $11,629,000. Finally, First Trust Advisors LP increased its position in shares of Teradyne by 134.9% during the 2nd quarter. First Trust Advisors LP now owns 315,748 shares of the company’s stock valued at $28,392,000 after purchasing an additional 181,357 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TER. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Northland Securities reissued a “market perform” rating and set a $270.00 target price on shares of Teradyne in a research report on Wednesday, February 4th. Stifel Nicolaus set a $325.00 target price on Teradyne in a research report on Wednesday, February 4th. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Robert W. Baird boosted their target price on Teradyne from $305.00 to $332.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $275.53.

Teradyne Stock Up 11.8%

Shares of Teradyne stock opened at $358.29 on Thursday. The stock’s fifty day moving average is $303.25 and its two-hundred day moving average is $223.59. The company has a market capitalization of $56.09 billion, a PE ratio of 102.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.79. Teradyne, Inc. has a 52 week low of $68.13 and a 52 week high of $358.69.

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

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, February 13th. Teradyne’s dividend payout ratio is 14.94%.

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.