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

Aspex Management HK Ltd grew its stake in Teradyne, Inc. (NASDAQ:TER) by 11.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,387,433 shares of the company’s stock after purchasing an additional 246,914 shares during the quarter. Teradyne comprises about 8.5% of Aspex Management HK Ltd’s holdings, making the stock its 4th biggest holding. Aspex Management HK Ltd’s holdings in Teradyne were worth $319,749,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Alkeon Capital Management LLC raised its holdings in Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after purchasing an additional 749,003 shares in the last quarter. Swedbank AB lifted its position in Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after acquiring an additional 426,900 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in Teradyne by 18.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after acquiring an additional 374,522 shares during the period. Eagle Asset Management Inc. boosted its stake in Teradyne by 70.8% during the third quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company’s stock worth $99,404,000 after acquiring an additional 307,724 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of 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 purchasing an additional 284,197 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the sale, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. This represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,199 shares of company stock valued at $1,080,634. 0.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TER. Northland Securities cut their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Evercore ISI raised their price target on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a report on Friday, August 16th. Finally, Stifel Nicolaus reduced their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.62.

Teradyne Trading Up 1.8 %

TER opened at $110.00 on Monday. The firm’s 50 day simple moving average is $117.95 and its two-hundred day simple moving average is $131.12. The company has a market capitalization of $17.91 billion, a PE ratio of 34.92, a PEG ratio of 2.38 and a beta of 1.52. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same period last year, the firm earned $0.80 EPS. Teradyne’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne announced that its board has approved a share repurchase program on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Teradyne Announces Dividend

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