Teradyne, Inc. (NASDAQ:TER) Position Cut by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,899 shares of the company’s stock after selling 1,131 shares during the quarter. 1832 Asset Management L.P.’s holdings in Teradyne were worth $2,020,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Axxcess Wealth Management LLC grew its holdings in Teradyne by 4.2% in the 1st quarter. Axxcess Wealth Management LLC now owns 9,794 shares of the company’s stock worth $1,105,000 after buying an additional 396 shares in the last quarter. Ossiam grew its stake in shares of Teradyne by 13,540.0% in the first quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after purchasing an additional 416,898 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Teradyne by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after purchasing an additional 50,156 shares during the period. Capitolis Liquid Global Markets LLC bought a new stake in shares of Teradyne during the first quarter valued at about $17,376,000. Finally, UniSuper Management Pty Ltd lifted its holdings in Teradyne by 49.6% in the first quarter. UniSuper Management Pty Ltd now owns 28,308 shares of the company’s stock worth $3,194,000 after purchasing an additional 9,388 shares during the period. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the firm’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 sale, the insider now owns 21,780 shares in the company, valued at $2,997,799.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the sale, the director now owns 17,142 shares in the company, valued at $2,077,610.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,005 shares of company stock worth $1,304,763 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Susquehanna boosted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday. Northland Capmk downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. increased their price target on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Citigroup decreased their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday. Finally, Robert W. Baird boosted their price target on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.50.

Teradyne Stock Up 1.7 %

Shares of TER traded up $2.12 during mid-day trading on Friday, reaching $126.46. The company’s stock had a trading volume of 2,617,182 shares, compared to its average volume of 2,027,493. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 48.08, a price-to-earnings-growth ratio of 2.37 and a beta of 1.50. The business has a fifty day moving average of $146.83 and a 200 day moving average of $121.35.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating 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 firm had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. During the same period in the prior year, the company earned $0.79 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Teradyne, Inc. will post 3.08 earnings per share for the current year.

Teradyne Announces Dividend

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

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.