Mizuho Markets Americas LLC Makes New $23.81 Million Investment in Teradyne, Inc. $TER

Mizuho Markets Americas LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, HoldingsChannel.com reports. The firm bought 123,000 shares of the company’s stock, valued at approximately $23,808,000.

Other hedge funds also recently bought and sold shares of the company. ARK Investment Management LLC lifted its holdings in Teradyne by 25.2% during the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock worth $374,701,000 after buying an additional 548,140 shares during the period. Nordea Investment Management AB lifted its holdings in Teradyne by 656.4% during the fourth quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock worth $24,554,000 after buying an additional 108,745 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Teradyne by 9.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock worth $12,542,000 after buying an additional 7,648 shares during the period. Aspen Wealth Strategies LLC purchased a new stake in Teradyne during the third quarter worth $577,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Teradyne by 3,233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after buying an additional 882,723 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 1.4%

Shares of TER opened at $358.44 on Friday. Teradyne, Inc. has a 12 month low of $75.99 and a 12 month high of $422.11. The stock has a fifty day moving average price of $340.16 and a 200-day moving average price of $269.68. The firm has a market cap of $56.11 billion, a PE ratio of 66.38, a P/E/G ratio of 1.45 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter was up 87.0% compared to the same quarter last year. As a group, research analysts forecast that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is currently 9.63%.

Insider Buying and Selling at Teradyne

In related news, VP Ryan Driscoll sold 680 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares of the company’s stock, valued at $2,894,304. This represents a 8.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of the transaction, the chief executive officer directly owned 124,470 shares in the company, valued at approximately $42,192,840.60. The trade was a 6.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a report on Thursday, April 30th. Northland Securities reiterated a “market perform” rating and set a $270.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Cantor Fitzgerald increased their price objective on Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Finally, Stifel Nicolaus increased their price objective on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.

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.