Waratah Capital Advisors Ltd. Acquires Shares of 3,135 Teradyne, Inc. $TER

Waratah Capital Advisors Ltd. bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,135 shares of the company’s stock, valued at approximately $432,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Teradyne by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after acquiring an additional 444,940 shares during the period. Ameriprise Financial Inc. grew its position in Teradyne by 3.0% during the 2nd 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. Federated Hermes Inc. increased its stake in Teradyne by 79.7% in the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after purchasing an additional 1,679,215 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Teradyne by 11.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock valued at $490,134,000 after purchasing an additional 354,876 shares during the period. Finally, Primecap Management Co. CA raised its holdings in shares of Teradyne by 58.6% in the second quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after buying an additional 1,125,868 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Up 4.2%

Shares of Teradyne stock opened at $342.82 on Thursday. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $343.69. The firm has a market capitalization of $53.67 billion, a PE ratio of 98.51, a price-to-earnings-growth ratio of 2.04 and a beta of 1.83. The stock’s fifty day moving average is $249.34 and its 200-day moving average is $183.62.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. During the same period last year, the company posted $0.95 EPS. The business’s quarterly revenue was up 43.9% compared to the same quarter last year. Analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be 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 is Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is 14.94%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the transaction, the chief executive officer owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TER shares. Royal Bank Of Canada set a $270.00 price objective on shares of Teradyne in a report on Monday, February 2nd. Northland Securities reaffirmed a “market perform” rating and set a $270.00 target price on shares of Teradyne in a report on Wednesday, February 4th. Susquehanna reissued a “positive” rating and set a $335.00 price target on shares of Teradyne in a research report on Wednesday, February 4th. Vertical Research lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Friday, January 9th. Finally, Citigroup raised their price target on shares of Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $256.24.

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.