QRG Capital Management Inc. Raises Holdings in Teradyne, Inc. (NASDAQ:TER)

QRG Capital Management Inc. boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 26.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,896 shares of the company's stock after buying an additional 4,839 shares during the quarter. QRG Capital Management Inc.'s holdings in Teradyne were worth $3,066,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TER. Swedbank AB increased its holdings in Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company's stock valued at $95,145,000 after buying an additional 426,900 shares during the period. Ossiam increased its holdings in Teradyne by 13,540.0% during the first quarter. Ossiam now owns 419,977 shares of the company's stock valued at $47,386,000 after buying an additional 416,898 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Teradyne by 4,854.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 398,009 shares of the company's stock valued at $44,907,000 after buying an additional 389,975 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Teradyne by 4,695.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company's stock valued at $43,041,000 after buying an additional 284,197 shares during the period. Finally, Driehaus Capital Management LLC purchased a new position in Teradyne during the second quarter valued at approximately $41,467,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Cantor Fitzgerald raised shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 price target on the stock in a report on Friday, August 16th. KeyCorp lifted their price target on shares of Teradyne from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, July 12th. Northland Securities cut their price target on shares of Teradyne from $126.00 to $117.00 and set a "market perform" rating on the stock in a report on Friday, October 25th. Finally, Stifel Nicolaus cut their price target on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $142.62.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were 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 owns 83,816 shares in the company, valued at $10,896,080. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Sanjay Mehta sold 6,153 shares of the company'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 completion of the sale, the chief financial officer now owns 35,834 shares of the company's stock, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm'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 transaction of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares of the company's stock, valued at $10,896,080. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,352 shares of company stock worth $1,899,353. Company insiders own 0.36% of the company's stock.

Teradyne Stock Up 2.4 %

Shares of TER traded up $2.64 during trading hours on Thursday, reaching $111.64. 1,761,069 shares of the company traded hands, compared to its average volume of 2,042,164. The stock has a market capitalization of $18.18 billion, a P/E ratio of 35.39, a P/E/G ratio of 2.27 and a beta of 1.52. Teradyne, Inc. has a 12-month low of $84.66 and a 12-month high of $163.21. The business has a fifty day moving average price of $125.35 and a 200-day moving average price of $132.13.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 earnings per share. As a group, research analysts predict that Teradyne, Inc. will post 3.15 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne's dividend payout ratio (DPR) is currently 15.24%.

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.