Symmetry Investments LP Makes New $727,000 Investment in Teradyne, Inc. (NASDAQ:TER)

Symmetry Investments LP purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,900 shares of the company’s stock, valued at approximately $727,000.

Several other large investors also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Teradyne by 1.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after purchasing an additional 57,989 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Teradyne by 206.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,934 shares of the company’s stock valued at $1,325,000 after purchasing an additional 6,022 shares in the last quarter. Trust Investment Advisors acquired a new position in shares of Teradyne during the second quarter worth about $252,000. Ieq Capital LLC grew its holdings in shares of Teradyne by 4.7% during the second quarter. Ieq Capital LLC now owns 14,408 shares of the company’s stock worth $2,137,000 after buying an additional 652 shares in the last quarter. Finally, Kentucky Retirement Systems raised its position in Teradyne by 1.3% in the 2nd quarter. Kentucky Retirement Systems now owns 11,764 shares of the company’s stock valued at $1,744,000 after buying an additional 154 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 3.6 %

Shares of NASDAQ TER opened at $128.95 on Friday. The company has a market capitalization of $20.13 billion, a P/E ratio of 49.03, a P/E/G ratio of 2.62 and a beta of 1.49. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The stock has a 50 day moving average of $131.76 and a 200-day moving average of $128.18.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. During the same quarter last year, the firm posted $0.79 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts predict that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne’s dividend payout ratio is currently 18.25%.

Insiders Place Their Bets

In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The disclosure for this sale can be found here. Insiders sold 10,483 shares of company stock worth $1,383,031 over the last three months. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the subject of a number of recent research reports. Stifel Nicolaus upped their price target on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Citigroup decreased their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Evercore ISI cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Susquehanna increased their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group lifted their target price on Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $141.50.

About Teradyne

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.