Stephens Investment Management Group LLC lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 15.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,460 shares of the company’s stock after selling 22,047 shares during the period. Stephens Investment Management Group LLC owned approximately 0.07% of Teradyne worth $10,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. DAVENPORT & Co LLC raised its holdings in shares of Teradyne by 29.8% during the first quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company’s stock worth $421,000 after purchasing an additional 1,170 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Teradyne by 17.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company’s stock valued at $11,893,000 after buying an additional 21,219 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Teradyne by 73.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after buying an additional 1,939 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Teradyne by 116.7% in the second quarter. Park Avenue Securities LLC now owns 6,598 shares of the company’s stock valued at $593,000 after buying an additional 3,553 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Teradyne by 6.4% in the first quarter. Crossmark Global Holdings Inc. now owns 4,328 shares of the company’s stock valued at $357,000 after buying an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.
Teradyne Price Performance
NASDAQ:TER opened at $138.84 on Thursday. The firm has a market capitalization of $22.09 billion, a price-to-earnings ratio of 48.04, a PEG ratio of 3.01 and a beta of 1.82. The company’s 50-day moving average is $126.48 and its two-hundred day moving average is $99.90. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $150.71.
Teradyne Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, September 5th. Teradyne’s dividend payout ratio is currently 16.61%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on TER shares. UBS Group lifted their price objective on shares of Teradyne from $130.00 to $165.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley lifted their target price on shares of Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Wall Street Zen raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. Susquehanna boosted their target price on shares of Teradyne from $133.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, September 22nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 target price (up previously from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $127.27.
Check Out Our Latest Report on Teradyne
Insider Transactions at Teradyne
In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $145.24, for a total value of $160,925.92. Following the sale, the chief executive officer directly owned 94,777 shares of the company’s stock, valued at approximately $13,765,411.48. This represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 3,324 shares of company stock worth $411,954. 0.16% of the stock is owned by corporate insiders.
Teradyne 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.
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