DNB Asset Management AS lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 19.4% during the fourth quarter, HoldingsChannel reports. The fund owned 32,301 shares of the company’s stock after selling 7,789 shares during the period. DNB Asset Management AS’s holdings in Teradyne were worth $6,252,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TER. Wellington Management Group LLP grew its holdings in Teradyne by 13,949.4% during the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after acquiring an additional 2,022,389 shares during the period. Alkeon Capital Management LLC grew its holdings in Teradyne by 48.6% during the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock worth $395,427,000 after acquiring an additional 940,000 shares during the period. Assenagon Asset Management S.A. grew its holdings in Teradyne by 3,233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after acquiring an additional 882,723 shares during the period. Rafferty Asset Management LLC grew its holdings in Teradyne by 65.4% during the second quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock worth $194,770,000 after acquiring an additional 856,540 shares during the period. Finally, Bank of America Corp DE grew its holdings in Teradyne by 60.1% during the second quarter. Bank of America Corp DE now owns 2,082,945 shares of the company’s stock worth $187,298,000 after acquiring an additional 781,517 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.
Insider Activity
In other news, VP Ryan Driscoll sold 680 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Teradyne Stock Down 5.0%
Shares of NASDAQ:TER opened at $321.05 on Tuesday. Teradyne, Inc. has a 52-week low of $75.99 and a 52-week high of $422.11. The stock’s fifty day simple moving average is $336.05 and its 200-day simple moving average is $265.62. The company has a market capitalization of $50.26 billion, a P/E ratio of 59.45, a P/E/G ratio of 1.39 and a beta of 1.79.
Teradyne (NASDAQ:TER – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business earned $0.75 earnings per share. The business’s revenue was up 87.0% on a year-over-year basis. On average, sell-side analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current year.
Teradyne Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be given a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, May 21st. Teradyne’s dividend payout ratio (DPR) is currently 9.63%.
About Teradyne
Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.
The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.
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