New England Research & Management Inc. Takes $1.11 Million Position in Teradyne, Inc. (NASDAQ:TER)

New England Research & Management Inc. purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,950 shares of the company’s stock, valued at approximately $1,108,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TER. American Century Companies Inc. lifted its stake in shares of Teradyne by 2,456.0% in the 4th quarter. American Century Companies Inc. now owns 1,702,147 shares of the company’s stock valued at $148,683,000 after acquiring an additional 1,635,552 shares during the last quarter. FMR LLC lifted its stake in shares of Teradyne by 15.3% in the 1st quarter. FMR LLC now owns 11,871,816 shares of the company’s stock valued at $1,276,339,000 after acquiring an additional 1,577,214 shares during the last quarter. Norges Bank acquired a new position in shares of Teradyne in the fourth quarter valued at approximately $101,896,000. Balyasny Asset Management L.P. increased its stake in shares of Teradyne by 739.3% in the first quarter. Balyasny Asset Management L.P. now owns 1,017,622 shares of the company’s stock valued at $109,405,000 after buying an additional 896,370 shares during the period. Finally, Boston Partners acquired a new position in shares of Teradyne in the first quarter valued at approximately $91,011,000. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 24,571 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $103.30, for a total transaction of $2,538,184.30. Following the completion of the sale, the chief financial officer now directly owns 38,154 shares of the company’s stock, valued at approximately $3,941,308.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 24,571 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $103.30, for a total transaction of $2,538,184.30. Following the completion of the sale, the chief financial officer now directly owns 38,154 shares of the company’s stock, valued at approximately $3,941,308.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mercedes Johnson sold 750 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $115.00, for a total transaction of $86,250.00. Following the completion of the sale, the director now owns 17,767 shares of the company’s stock, valued at approximately $2,043,205. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on TER shares. Robert W. Baird upped their price objective on Teradyne from $104.00 to $115.00 in a research note on Friday, July 28th. Morgan Stanley boosted their price objective on shares of Teradyne from $91.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Monday, July 31st. StockNews.com initiated coverage on shares of Teradyne in a research note on Wednesday, August 23rd. They issued a “hold” rating on the stock. TheStreet raised Teradyne from a “c+” rating to a “b” rating in a research note on Wednesday, July 26th. Finally, KeyCorp lifted their price objective on Teradyne from $117.00 to $140.00 in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Teradyne has an average rating of “Hold” and an average price target of $106.27.

Teradyne Trading Up 0.1 %

NASDAQ TER traded up $0.12 on Thursday, hitting $97.78. 75,165 shares of the company were exchanged, compared to its average volume of 1,634,036. The company has a market cap of $15.06 billion, a PE ratio of 28.98, a PEG ratio of 4.75 and a beta of 1.53. Teradyne, Inc. has a 12 month low of $67.81 and a 12 month high of $119.20. The stock has a fifty day moving average of $107.39 and a 200-day moving average of $103.66.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 26th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.13. The company had revenue of $684.00 million for the quarter, compared to analyst estimates of $656.94 million. Teradyne had a return on equity of 23.37% and a net margin of 19.55%. Teradyne’s revenue for the quarter was down 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. On average, analysts expect that Teradyne, Inc. will post 2.83 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 1st will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. Teradyne’s dividend payout ratio is presently 13.06%.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.