International Assets Investment Management LLC Acquires Shares of 1,669 Teradyne, Inc. (NASDAQ:TER)

Posted by Defense World Staff on Jul 6th, 2023

International Assets Investment Management LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 1,669 shares of the company’s stock, valued at approximately $179,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Teradyne by 0.9% in the first quarter. Vanguard Group Inc. now owns 18,128,206 shares of the company’s stock valued at $2,143,298,000 after buying an additional 154,445 shares during the period. Geode Capital Management LLC increased its holdings in Teradyne by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 3,340,743 shares of the company’s stock worth $291,544,000 after acquiring an additional 67,885 shares during the last quarter. Nordea Investment Management AB raised its stake in Teradyne by 7.0% in the 1st quarter. Nordea Investment Management AB now owns 2,980,038 shares of the company’s stock valued at $322,172,000 after acquiring an additional 194,890 shares during the period. Macquarie Group Ltd. lifted its holdings in Teradyne by 1.0% during the fourth quarter. Macquarie Group Ltd. now owns 2,038,523 shares of the company’s stock valued at $178,065,000 after purchasing an additional 19,410 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Teradyne by 11.9% during the first quarter. Invesco Ltd. now owns 1,965,517 shares of the company’s stock worth $232,383,000 after purchasing an additional 208,790 shares during the period. 99.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TER shares. TheStreet cut shares of Teradyne from a “b-” rating to a “c+” rating in a research note on Monday, May 8th. Deutsche Bank Aktiengesellschaft cut their price target on Teradyne from $95.00 to $90.00 in a report on Friday, April 28th. Northland Securities decreased their price objective on Teradyne from $97.00 to $87.00 in a research note on Friday, April 28th. Robert W. Baird cut their target price on Teradyne from $115.00 to $104.00 in a research note on Friday, April 28th. Finally, JPMorgan Chase & Co. cut Teradyne from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $90.00 to $81.00 in a research report on Monday, April 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and an average target price of $93.11.

Teradyne Stock Down 3.1 %

Shares of TER stock opened at $108.09 on Thursday. The firm has a market cap of $16.76 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 5.38 and a beta of 1.53. The business has a 50-day moving average price of $101.41 and a two-hundred day moving average price of $102.70. Teradyne, Inc. has a 12-month low of $67.81 and a 12-month high of $112.57.

Teradyne (NASDAQ:TER – Free Report) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.42 by $0.13. The firm had revenue of $617.53 million for the quarter, compared to the consensus estimate of $603.03 million. Teradyne had a net margin of 21.12% and a return on equity of 26.88%. The business’s revenue was down 18.2% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. As a group, research analysts expect that Teradyne, Inc. will post 2.76 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Wednesday, May 24th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $0.44 annualized dividend and a yield of 0.41%. Teradyne’s payout ratio is 11.58%.

Insider Activity

In other news, Director Mercedes Johnson sold 750 shares of the business’s stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $100.00, for a total value of $75,000.00. Following the completion of the sale, the director now owns 17,487 shares of the company’s stock, valued at approximately $1,748,700. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Mercedes Johnson sold 750 shares of Teradyne stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $100.00, for a total value of $75,000.00. Following the transaction, the director now directly owns 17,487 shares of the company’s stock, valued at $1,748,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 1,093 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $90.95, for a total transaction of $99,408.35. Following the sale, the insider now owns 17,168 shares of the company’s stock, valued at $1,561,429.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,513 shares of company stock valued at $566,871. 0.36% of the stock is currently owned by insiders.

Teradyne Company Profile

(Free Report)

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.