Hel Ved Capital Management Ltd Invests $2.56 Million in Teradyne, Inc. $TER

Hel Ved Capital Management Ltd purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,605 shares of the company’s stock, valued at approximately $2,561,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Huntington National Bank increased its position in shares of Teradyne by 1.8% in the 3rd quarter. Huntington National Bank now owns 3,566 shares of the company’s stock worth $491,000 after purchasing an additional 64 shares during the last quarter. Hemington Wealth Management increased its holdings in Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the last quarter. Versant Capital Management Inc raised its stake in Teradyne by 5.8% during the third quarter. Versant Capital Management Inc now owns 1,494 shares of the company’s stock valued at $206,000 after buying an additional 82 shares in the last quarter. LS Investment Advisors LLC raised its stake in Teradyne by 2.3% during the third quarter. LS Investment Advisors LLC now owns 3,945 shares of the company’s stock valued at $543,000 after buying an additional 89 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in Teradyne by 28.9% during the 3rd quarter. CVA Family Office LLC now owns 424 shares of the company’s stock worth $58,000 after buying an additional 95 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on TER. Bank of America upped their price target on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Vertical Research cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a report on Friday, January 9th. Stifel Nicolaus set a $325.00 price target on shares of Teradyne in a research report on Wednesday, February 4th. Royal Bank Of Canada set a $270.00 price target on shares of Teradyne in a report on Monday, February 2nd. Finally, Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $256.24.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at $18,804,165.79. The trade was a 1.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

Teradyne Stock Down 10.6%

Shares of Teradyne stock opened at $273.05 on Friday. The business has a fifty day simple moving average of $265.14 and a 200-day simple moving average of $192.80. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $344.92. The firm has a market cap of $42.75 billion, a price-to-earnings ratio of 78.46, a price-to-earnings-growth ratio of 1.90 and a beta of 1.76.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $970.44 million. During the same period in the previous year, the business earned $0.95 earnings per share. Teradyne’s revenue for the quarter was up 43.9% compared to the same quarter last year. Analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, February 13th. Teradyne’s dividend payout ratio is 14.94%.

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.