Teradyne, Inc. (NASDAQ:TER) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 40.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,902 shares of the company’s stock after purchasing an additional 23,178 shares during the quarter. AQR Capital Management LLC owned about 0.05% of Teradyne worth $11,997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AXA S.A. boosted its stake in Teradyne by 0.9% during the second quarter. AXA S.A. now owns 819,350 shares of the company’s stock worth $121,501,000 after buying an additional 7,709 shares during the period. Caxton Associates LP acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $8,563,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $639,000. Point72 Hong Kong Ltd purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $2,277,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Teradyne by 60.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,297 shares of the company’s stock valued at $4,344,000 after purchasing an additional 11,034 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TER shares. JPMorgan Chase & Co. upped their price target on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus raised their target price on Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. Citigroup cut their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Robert W. Baird increased their price target on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Northland Capmk cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $141.50.

Teradyne Stock Performance

TER stock opened at $128.99 on Wednesday. The stock has a 50-day simple moving average of $128.74 and a 200-day simple moving average of $129.80. The firm has a market cap of $21.05 billion, a P/E ratio of 49.05, a price-to-earnings-growth ratio of 2.76 and a beta of 1.49. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. During the same period in the prior year, the firm posted $0.79 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts predict that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.37%. Teradyne’s dividend payout ratio is presently 18.25%.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares in the company, valued at $4,768,072.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value 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 approximately $4,768,072.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,483 shares of company stock valued at $1,383,031. Corporate insiders own 0.36% of the company’s stock.

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.