Quantbot Technologies LP Purchases Shares of 4,811 Teradyne, Inc. $TER

Quantbot Technologies LP purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,811 shares of the company’s stock, valued at approximately $2,328,000.

A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Teradyne during the 2nd quarter valued at $9,404,408,000. Andar Capital Management HK Ltd purchased a new position in Teradyne in the 2nd quarter worth $37,800,000. State Street Corp lifted its stake in Teradyne by 0.9% in the fourth quarter. State Street Corp now owns 7,078,635 shares of the company’s stock worth $1,370,141,000 after purchasing an additional 60,986 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Teradyne by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after purchasing an additional 143,058 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Teradyne by 18.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock valued at $813,640,000 after buying an additional 659,273 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Trading Down 2.9%

TER stock opened at $364.90 on Tuesday. The firm’s 50-day moving average price is $385.11 and its two-hundred day moving average price is $355.09. Teradyne, Inc. has a 12-month low of $109.56 and a 12-month high of $487.91. The stock has a market capitalization of $57.05 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 0.76 and a beta of 1.78.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.09 by $0.38. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Equities analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Dividend Announcement

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 dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio is presently 7.13%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TER. Susquehanna raised their price objective on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. Evercore restated an “outperform” rating and set a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. Finally, Citigroup boosted their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $396.80.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

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.