279,634 Shares in Teradyne, Inc. (NASDAQ:TER) Acquired by Driehaus Capital Management LLC

Driehaus Capital Management LLC acquired a new position in Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 279,634 shares of the company’s stock, valued at approximately $41,467,000. Driehaus Capital Management LLC owned 0.18% of Teradyne as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in TER. Mitchell & Pahl Private Wealth LLC grew its stake in shares of Teradyne by 1.1% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after buying an additional 79 shares in the last quarter. Blair William & Co. IL increased its stake in Teradyne by 0.6% during the first quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after purchasing an additional 83 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of Teradyne by 17.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $97,000 after purchasing an additional 96 shares in the last quarter. Wealth Alliance boosted its stake in shares of Teradyne by 3.3% in the second quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after purchasing an additional 98 shares during the period. Finally, Quent Capital LLC grew its holdings in shares of Teradyne by 6.0% in the second quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock valued at $277,000 after purchasing an additional 105 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Trading Down 2.0 %

Shares of TER stock opened at $134.64 on Friday. The company has a market capitalization of $21.97 billion, a P/E ratio of 51.19, a price-to-earnings-growth ratio of 2.68 and a beta of 1.49. The business’s 50 day moving average is $129.61 and its two-hundred day moving average is $129.09. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.36%. Teradyne’s dividend payout ratio is presently 18.25%.

Insider Activity at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the business’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 transaction of $80,481.25. Following the sale, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the transaction, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Mehta sold 6,153 shares of the 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 completion of the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at $4,768,072.04. The disclosure for this sale can be found here. Insiders sold 10,483 shares of company stock worth $1,383,031 over the last 90 days. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price for the company. in a report on Friday, July 26th. Northland Securities lowered their price objective on Teradyne from $136.00 to $126.00 and set a “market perform” 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 report on Friday, July 26th. UBS Group lifted their price target on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Stifel Nicolaus increased their price objective on shares of Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.