Janus Henderson Group PLC Grows Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Janus Henderson Group PLC raised its position in Teradyne, Inc. (NASDAQ:TER) by 38.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 315,631 shares of the company’s stock after buying an additional 87,150 shares during the quarter. Janus Henderson Group PLC owned about 0.20% of Teradyne worth $35,613,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its holdings in Teradyne by 6.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,330 shares of the company’s stock worth $1,013,000 after acquiring an additional 577 shares in the last quarter. Caprock Group LLC bought a new stake in Teradyne during the fourth quarter worth approximately $211,000. DAVENPORT & Co LLC raised its position in shares of Teradyne by 7.1% during the fourth quarter. DAVENPORT & Co LLC now owns 3,984 shares of the company’s stock valued at $432,000 after buying an additional 264 shares during the last quarter. Boston Trust Walden Corp acquired a new stake in Teradyne during the fourth quarter worth about $6,619,000. Finally, International Assets Investment Management LLC increased its stake in shares of Teradyne by 8,125.5% in the fourth quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock valued at $14,443,000 after buying an additional 131,470 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total value of $688,888.20. Following the completion of the sale, the insider now owns 21,780 shares of the company’s stock, valued at $2,997,799.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were 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 in the company, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now directly owns 21,780 shares of the company’s stock, valued at $2,997,799.20. The disclosure for this sale can be found here. In the last three months, insiders sold 10,005 shares of company stock worth $1,304,763. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group upped their target price on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Susquehanna upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a report on Friday, July 26th. Northland Capmk downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Robert W. Baird boosted their price target on Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Evercore ISI downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $142.93.

Teradyne Stock Up 4.8 %

NASDAQ:TER traded up $5.77 during trading hours on Wednesday, hitting $127.11. 743,357 shares of the company’s stock traded hands, compared to its average volume of 2,044,368. The business’s fifty day simple moving average is $146.22 and its two-hundred day simple moving average is $121.74. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The firm has a market cap of $19.84 billion, a P/E ratio of 46.14, a P/E/G ratio of 2.63 and a beta of 1.50.

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

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. Teradyne’s payout ratio is 18.25%.

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.