PGGM Investments Buys 550 Shares of Teradyne, Inc. (NASDAQ:TER)

PGGM Investments raised its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,450 shares of the company’s stock after buying an additional 550 shares during the period. PGGM Investments’ holdings in Teradyne were worth $4,225,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Teradyne by 0.7% in the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after purchasing an additional 135,286 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Teradyne by 10.4% in the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after purchasing an additional 453,926 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock valued at $342,178,000 after purchasing an additional 385,115 shares during the last quarter. Boston Partners grew its position in shares of Teradyne by 23.2% in the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock valued at $314,324,000 after purchasing an additional 544,482 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Teradyne by 3.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock valued at $246,210,000 after purchasing an additional 68,924 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

Shares of NASDAQ:TER traded down $4.47 during trading on Friday, reaching $117.27. The stock had a trading volume of 3,522,573 shares, compared to its average volume of 2,496,777. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The business’s 50-day moving average price is $145.08 and its 200 day moving average price is $121.89. The stock has a market capitalization of $18.31 billion, a PE ratio of 44.59, a P/E/G ratio of 2.50 and a beta of 1.50.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $701.20 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. Teradyne’s quarterly revenue was up 6.6% compared to the same quarter last year. Analysts forecast that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Insider Activity

In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares in the company, valued at approximately $2,645,649.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Richard John Burns sold 5,005 shares of the business’s 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 completion of the transaction, the insider now owns 21,780 shares in the company, valued at approximately $2,997,799.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the sale, the director now directly owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,255 shares of company stock worth $854,538. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TER shares. Craig Hallum downgraded Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target on the stock. in a research report on Friday, July 26th. UBS Group lifted their target price on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Citigroup decreased their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Northland Securities decreased their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research report on Friday, July 26th. Finally, Northland Capmk downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Teradyne has a consensus rating of “Hold” and a consensus target price of $142.93.

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.