57,937 Shares in Teradyne, Inc. $TER Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 57,937 shares of the company’s stock, valued at approximately $26,837,000.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Teradyne in the 4th quarter worth $28,000. Community Financial Services Group LLC bought a new position in shares of Teradyne during the second quarter valued at about $29,000. McIlrath & Eck LLC bought a new position in shares of Teradyne during the first quarter valued at about $30,000. Elevation Wealth Partners LLC raised its stake in shares of Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after acquiring an additional 66 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Teradyne during the second quarter worth about $35,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 4.6%

TER opened at $354.97 on Friday. The stock has a fifty day simple moving average of $380.37 and a two-hundred day simple moving average of $356.92. The company has a market cap of $55.50 billion, a price-to-earnings ratio of 48.69, a price-to-earnings-growth ratio of 0.75 and a beta of 1.78. Teradyne, Inc. has a 12-month low of $109.56 and a 12-month high of $487.91.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company’s quarterly revenue was up 103.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. On average, analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is 7.13%.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the sale, the chief executive officer owned 112,495 shares of the company’s stock, valued at $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

TER has been the topic of several recent analyst reports. Wall Street Zen cut Teradyne from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America upped their price target on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Susquehanna increased their price objective on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Robert W. Baird reiterated a “neutral” rating and issued a $420.00 price objective on shares of Teradyne in a research report on Friday, August 21st. Finally, Evercore reissued an “outperform” rating and set a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $396.80.

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.