Aspex Management HK Ltd Boosts Holdings in Teradyne, Inc. (NASDAQ:TER)

Aspex Management HK Ltd grew its position in Teradyne, Inc. (NASDAQ:TER) by 11.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,387,433 shares of the company’s stock after acquiring an additional 246,914 shares during the period. Teradyne comprises about 8.5% of Aspex Management HK Ltd’s portfolio, making the stock its 4th largest holding. Aspex Management HK Ltd owned 1.47% of Teradyne worth $319,749,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Swedbank AB increased its position in Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after acquiring an additional 426,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Teradyne during the 3rd quarter valued at $2,221,000. MBB Public Markets I LLC acquired a new stake in shares of Teradyne during the second quarter valued at about $1,619,000. SG Americas Securities LLC increased its position in Teradyne by 65.1% in the 2nd quarter. SG Americas Securities LLC now owns 36,515 shares of the company’s stock valued at $5,415,000 after acquiring an additional 14,395 shares during the period. Finally, Cetera Investment Advisers raised its position in Teradyne by 161.6% during the 1st quarter. Cetera Investment Advisers now owns 19,075 shares of the company’s stock worth $2,152,000 after purchasing an additional 11,782 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TER shares. Robert W. Baird dropped their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus reduced their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Craig Hallum decreased their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Evercore ISI lifted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. One equities research 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, the stock has a consensus rating of “Hold” and an average target price of $142.62.

Teradyne Stock Up 1.8 %

TER opened at $110.00 on Monday. The company’s 50-day moving average price is $117.95 and its two-hundred day moving average price is $131.12. Teradyne, Inc. has a twelve month low of $90.24 and a twelve month high of $163.21. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.38 and a beta of 1.52.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. During the same period in the prior year, the company earned $0.80 earnings per share. Teradyne’s revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s payout ratio is presently 15.24%.

Teradyne announced that its board has authorized a stock repurchase program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 83,816 shares in the company, valued at $10,896,080. The trade was a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 789 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares in the company, valued at $2,903,539.20. This represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,199 shares of company stock valued at $1,080,634. 0.36% of the stock is currently owned by corporate insiders.

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.