Canada Pension Plan Investment Board Purchases New Position in Teradyne, Inc. $TER

Canada Pension Plan Investment Board purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 67,039 shares of the company’s stock, valued at approximately $32,436,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Leeward Financial Partners LLC acquired a new position in Teradyne in the 2nd quarter valued at $3,735,000. Gouws Capital LLC boosted its stake in Teradyne by 96.0% during the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after purchasing an additional 7,505 shares during the last quarter. Legal & General Group Plc acquired a new stake in Teradyne during the 2nd quarter worth $656,058,000. Wealthfront Advisers LLC grew its holdings in shares of Teradyne by 56.0% during the fourth quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company’s stock worth $5,678,000 after buying an additional 10,526 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Teradyne during the second quarter worth $4,826,000. 99.77% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction that occurred 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 sale, the chief executive officer owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. The trade was a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.

Teradyne Trading Down 4.6%

Shares of TER stock opened at $354.97 on Friday. The company’s 50-day moving average price is $380.37 and its 200-day moving average price is $356.92. The stock has a market cap of $55.50 billion, a price-to-earnings ratio of 48.69, a PEG ratio of 0.75 and a beta of 1.78. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91.

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

Teradyne Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TER. Bank of America raised their price target on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Morgan Stanley upped their price objective on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Robert W. Baird reissued a “neutral” rating and issued a $420.00 target price on shares of Teradyne in a research note on Friday, August 21st. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target of $396.80.

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.