Sei Investments Co. Acquires 32,382 Shares of Teradyne, Inc. (NASDAQ:TER)

Sei Investments Co. lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 11.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 306,856 shares of the company’s stock after acquiring an additional 32,382 shares during the quarter. Sei Investments Co.’s holdings in Teradyne were worth $34,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TER. Norges Bank purchased a new stake in Teradyne in the fourth quarter worth $188,873,000. Van ECK Associates Corp grew its stake in Teradyne by 26.9% in the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock worth $473,265,000 after purchasing an additional 923,612 shares during the period. Boston Partners grew its stake in Teradyne by 23.2% in the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock worth $314,324,000 after purchasing an additional 544,482 shares during the period. KBC Group NV grew its stake in Teradyne by 1,544.3% in the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after purchasing an additional 444,442 shares during the period. Finally, Nordea Investment Management AB grew its stake in Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after purchasing an additional 385,115 shares during the period. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TER. UBS Group increased their target price on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. The Goldman Sachs Group increased their target price on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Citigroup increased their price objective on Teradyne from $112.00 to $185.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, KeyCorp increased their price objective on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.69.

Teradyne Trading Up 2.0 %

TER stock traded up $3.16 during trading on Monday, reaching $159.49. The stock had a trading volume of 2,113,498 shares, compared to its average volume of 1,998,135. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $161.22. The stock’s 50 day moving average is $142.52 and its two-hundred day moving average is $118.53. The firm has a market cap of $24.90 billion, a PE ratio of 60.89, a PEG ratio of 2.95 and a beta of 1.50.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the prior year, the company earned $0.55 earnings per share. Teradyne’s revenue was down 2.9% on a year-over-year basis. On average, research analysts anticipate that Teradyne, Inc. will post 3.04 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the sale, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the sale, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $137.64, for a total value of $688,888.20. Following the sale, the insider now directly owns 21,780 shares in the company, valued at approximately $2,997,799.20. The disclosure for this sale can be found here. Insiders have sold 10,005 shares of company stock valued at $1,304,763 over the last quarter. 0.36% of the stock is currently owned by company insiders.

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.