Securian Asset Management Inc. Sells 109 Shares of Teradyne, Inc. (NASDAQ:TER)

Securian Asset Management Inc. trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 1.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,843 shares of the company’s stock after selling 109 shares during the period. Securian Asset Management Inc.’s holdings in Teradyne were worth $1,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. Bfsg LLC purchased a new position in shares of Teradyne in the 1st quarter worth about $34,000. American National Bank purchased a new position in Teradyne in the 4th quarter valued at approximately $37,000. Cambridge Trust Co. purchased a new position in shares of Teradyne during the 4th quarter valued at $38,000. Versant Capital Management Inc increased its position in shares of Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after purchasing an additional 342 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Teradyne in the 2nd quarter worth approximately $65,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TER shares. Craig Hallum lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target for the company. in a research report on Friday, July 26th. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Citigroup reduced their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Evercore ISI lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $142.93.

Insiders Place Their Bets

In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the transaction, the director now owns 18,393 shares in the company, valued at approximately $2,645,649.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the transaction, the director now directly owns 18,393 shares in the company, valued at $2,645,649.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $688,888.20. Following the transaction, the insider now 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 have sold 6,255 shares of company stock valued at $859,269. Insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ TER traded up $0.34 during mid-day trading on Monday, reaching $122.06. 416,582 shares of the company’s stock were exchanged, compared to its average volume of 2,080,901. The company’s 50-day moving average is $142.69 and its 200-day moving average is $122.48. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $163.21. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 46.28, a PEG ratio of 2.43 and a beta of 1.50.

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

About Teradyne

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.