IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Stock Position in Teradyne, Inc. $TER

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 64.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,540 shares of the company’s stock after buying an additional 29,545 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Teradyne were worth $6,793,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TER. Federated Hermes Inc. raised its position in Teradyne by 188.8% in the first quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company’s stock worth $173,943,000 after acquiring an additional 1,376,631 shares during the period. AQR Capital Management LLC grew its holdings in Teradyne by 1,612.4% during the 1st quarter. AQR Capital Management LLC now owns 1,404,752 shares of the company’s stock valued at $113,251,000 after buying an additional 1,322,716 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Teradyne by 224.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,851,684 shares of the company’s stock valued at $152,949,000 after acquiring an additional 1,280,120 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Teradyne by 26.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company’s stock valued at $286,634,000 after purchasing an additional 652,175 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Teradyne by 124.3% in the 1st quarter. American Century Companies Inc. now owns 1,120,250 shares of the company’s stock worth $92,533,000 after acquiring an additional 620,918 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on TER shares. The Goldman Sachs Group lifted their price target on Teradyne from $85.00 to $130.00 and gave the stock a “sell” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a report on Wednesday, October 8th. Wall Street Zen raised Teradyne from a “sell” rating to a “hold” rating in a research report on Monday, September 1st. Cowen reissued a “buy” rating on shares of Teradyne in a report on Wednesday, July 30th. Finally, Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $128.43.

Teradyne Trading Up 2.2%

Shares of NASDAQ TER opened at $147.50 on Tuesday. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $150.71. The stock has a market cap of $23.46 billion, a price-to-earnings ratio of 51.04, a PEG ratio of 3.02 and a beta of 1.82. The company has a 50 day simple moving average of $128.59 and a two-hundred day simple moving average of $101.78.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $651.80 million during the quarter, compared to analysts’ expectations of $649.02 million. Teradyne had a return on equity of 18.16% and a net margin of 16.59%.The company’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. Analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 5th were given a $0.12 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Teradyne’s dividend payout ratio is 16.61%.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $145.24, for a total value of $160,925.92. Following the sale, the chief executive officer directly owned 94,777 shares of the company’s stock, valued at approximately $13,765,411.48. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 3,324 shares of company stock worth $411,954 in the last quarter. Corporate insiders own 0.16% of the company’s stock.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.