Healthcare of Ontario Pension Plan Trust Fund Invests $421,000 in Teradyne, Inc. (NASDAQ:TER)

Posted by Defense World Staff on Mar 2nd, 2023

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,600 shares of the company’s stock, valued at approximately $421,000.

Several other large investors also recently modified their holdings of TER. Hennion & Walsh Asset Management Inc. grew its holdings in Teradyne by 1.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,338 shares of the company’s stock worth $852,000 after purchasing an additional 115 shares during the period. West Family Investments Inc. grew its holdings in Teradyne by 6.8% in the first quarter. West Family Investments Inc. now owns 1,800 shares of the company’s stock worth $213,000 after purchasing an additional 115 shares during the period. Intech Investment Management LLC grew its holdings in Teradyne by 2.3% in the third quarter. Intech Investment Management LLC now owns 6,389 shares of the company’s stock worth $480,000 after purchasing an additional 143 shares during the period. Covestor Ltd grew its holdings in Teradyne by 27.4% in the first quarter. Covestor Ltd now owns 720 shares of the company’s stock worth $85,000 after purchasing an additional 155 shares during the period. Finally, Mastrapasqua Asset Management Inc. grew its holdings in Teradyne by 0.8% in the third quarter. Mastrapasqua Asset Management Inc. now owns 21,209 shares of the company’s stock worth $1,594,000 after purchasing an additional 163 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Trading Up 0.2 %

Shares of NASDAQ:TER opened at $101.38 on Thursday. The company has a 50 day moving average of $98.70 and a 200 day moving average of $89.07. The stock has a market cap of $15.82 billion, a P/E ratio of 24.02, a P/E/G ratio of 4.53 and a beta of 1.55. Teradyne, Inc. has a 12 month low of $67.81 and a 12 month high of $127.29.

Teradyne (NASDAQ:TER – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.17. Teradyne had a net margin of 22.68% and a return on equity of 30.09%. The business had revenue of $731.84 million during the quarter, compared to analysts’ expectations of $711.84 million. During the same quarter in the previous year, the company earned $1.37 EPS. The business’s quarterly revenue was down 17.3% compared to the same quarter last year. On average, equities analysts forecast that Teradyne, Inc. will post 2.97 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, February 17th will be issued a $0.11 dividend. The ex-dividend date is Thursday, February 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne’s payout ratio is 10.43%.

Insider Activity at Teradyne

In related news, Director Mercedes Johnson sold 750 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total transaction of $75,000.00. Following the completion of the sale, the director now directly owns 19,737 shares in the company, valued at approximately $1,973,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Charles Jeffrey Gray sold 11,070 shares of the company’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $100.54, for a total transaction of $1,112,977.80. Following the completion of the sale, the vice president now directly owns 22,706 shares in the company, valued at approximately $2,282,861.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mercedes Johnson sold 750 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total transaction of $75,000.00. Following the sale, the director now owns 19,737 shares of the company’s stock, valued at $1,973,700. The disclosure for this sale can be found here. Insiders sold 82,847 shares of company stock worth $7,452,053 in the last three months. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on TER. Jefferies Financial Group initiated coverage on shares of Teradyne in a report on Thursday, January 12th. They issued a “buy” rating for the company. Morgan Stanley lifted their price objective on shares of Teradyne from $92.00 to $101.00 and gave the company an “equal weight” rating in a report on Friday, January 27th. Evercore ISI set a $110.00 price objective on shares of Teradyne in a report on Wednesday, November 23rd. Northland Securities lifted their price objective on shares of Teradyne from $84.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, January 27th. Finally, TheStreet upgraded shares of Teradyne from a “c+” rating to a “b-” rating in a report on Tuesday, January 24th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $87.52.

About Teradyne

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Teradyne, Inc engages in the development and sale of automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, Wireless Test, and Corporate and Other. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.