Teradyne, Inc. $TER Stake Lifted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,219 shares of the company’s stock after acquiring an additional 1,819 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Teradyne were worth $12,043,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after purchasing an additional 2,022,389 shares in the last quarter. Norges Bank bought a new stake in shares of Teradyne in the 2nd quarter worth $152,854,000. Federated Hermes Inc. raised its stake in shares of Teradyne by 79.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after buying an additional 1,679,215 shares in the last quarter. Amundi lifted its holdings in shares of Teradyne by 255.3% in the second quarter. Amundi now owns 1,812,001 shares of the company’s stock valued at $170,654,000 after buying an additional 1,302,025 shares during the period. Finally, Alkeon Capital Management LLC lifted its holdings in shares of Teradyne by 48.6% in the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after buying an additional 940,000 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 5.3%

Shares of Teradyne stock opened at $312.20 on Thursday. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $344.92. The firm has a market capitalization of $48.88 billion, a PE ratio of 89.71, a price-to-earnings-growth ratio of 1.84 and a beta of 1.79. The stock’s fifty day moving average is $294.57 and its 200-day moving average is $216.37.

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

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is presently 14.94%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley set a $306.00 target price on Teradyne in a report on Wednesday, February 11th. Bank of America upped their price target on shares of Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. UBS Group lifted their price objective on shares of Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. TD Cowen reiterated a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Finally, Stifel Nicolaus set a $325.00 target price on shares of Teradyne in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $275.53.

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.