NorthCrest Asset Manangement LLC Grows Position in Teradyne, Inc. $TER

NorthCrest Asset Manangement LLC increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 70.1% in the fourth quarter, HoldingsChannel reports. The firm owned 6,658 shares of the company’s stock after buying an additional 2,743 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Teradyne were worth $1,289,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TER. Wellington Management Group LLP boosted its stake in shares of Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after purchasing an additional 2,022,389 shares during the last quarter. Norges Bank acquired a new stake in shares of Teradyne during the second quarter worth $152,854,000. Federated Hermes Inc. grew its position in shares of Teradyne by 79.7% in the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after purchasing an additional 1,679,215 shares during the period. Amundi increased its stake in Teradyne by 255.3% in the second quarter. Amundi now owns 1,812,001 shares of the company’s stock valued at $170,654,000 after purchasing an additional 1,302,025 shares during the last quarter. Finally, Alkeon Capital Management LLC increased its stake in Teradyne by 48.6% in the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after purchasing an additional 940,000 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $303.92 on Tuesday. The business’s 50-day simple moving average is $284.13 and its 200 day simple moving average is $207.88. The company has a market cap of $47.58 billion, a P/E ratio of 87.33, a PEG ratio of 1.80 and a beta of 1.76. Teradyne, Inc. has a one year low of $65.77 and a one year high of $344.92.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $970.44 million. During the same quarter last year, the company earned $0.95 earnings per share. Teradyne’s revenue for the quarter was up 43.9% on a year-over-year basis. Analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were issued a $0.12 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Teradyne’s payout ratio is currently 14.94%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a report on Thursday, January 22nd. Royal Bank Of Canada set a $270.00 price objective on Teradyne in a report on Monday, February 2nd. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Morgan Stanley set a $306.00 target price on Teradyne in a report on Wednesday, February 11th. Finally, Stifel Nicolaus set a $325.00 price target on shares of Teradyne in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $273.73.

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.