IQ EQ FUND MANAGEMENT IRELAND Ltd Boosts Stock Position in Teradyne, Inc. (NASDAQ:TER)

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Teradyne, Inc. (NASDAQ:TER) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,995 shares of the company’s stock after purchasing an additional 1,322 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Teradyne were worth $2,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TER. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne in the 2nd quarter worth approximately $27,000. Rothschild Investment LLC purchased a new stake in Teradyne in the second quarter worth $33,000. Quarry LP boosted its holdings in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Tortoise Investment Management LLC increased its position in Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Finally, Versant Capital Management Inc increased its position in Teradyne by 3,800.0% during the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after purchasing an additional 342 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other Teradyne 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 transaction, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 value of $80,481.25. Following the completion of the sale, the director now owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 value of $818,718.18. Following the completion of the transaction, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,977 shares of company stock valued at $1,979,834 over the last ninety days. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TER shares. Citigroup cut their target price 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. Craig Hallum cut Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a research report on Friday, July 26th. Susquehanna raised their target price on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. KeyCorp lifted their price target on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Finally, Northland Capmk downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $142.57.

Teradyne Stock Performance

NASDAQ:TER opened at $127.00 on Thursday. The firm has a market cap of $20.72 billion, a P/E ratio of 41.78, a P/E/G ratio of 2.74 and a beta of 1.49. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $163.21. The firm has a 50-day simple moving average of $130.06 and a two-hundred day simple moving average of $131.26.

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

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s payout ratio is currently 15.79%.

Teradyne Company Profile

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.