Ameriprise Financial Inc. Has $603.84 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Ameriprise Financial Inc. trimmed its stake in Teradyne, Inc. (NASDAQ:TER) by 27.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,072,016 shares of the company’s stock after selling 1,552,403 shares during the quarter. Ameriprise Financial Inc. owned 2.61% of Teradyne worth $603,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Teradyne in the second quarter worth $27,000. Rothschild Investment LLC purchased a new stake in shares of Teradyne during the 2nd quarter worth about $33,000. Tortoise Investment Management LLC raised its stake in shares of Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after buying an additional 342 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in Teradyne in the first quarter worth approximately $53,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TER has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. JPMorgan Chase & Co. increased their target price on shares of Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus boosted their price target on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Evercore ISI lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Citigroup cut their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $141.50.

Insider Buying and Selling

In other news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at $10,896,080. The disclosure for this sale can be found here. Insiders sold a total of 10,483 shares of company stock valued at $1,383,031 over the last ninety days. 0.36% of the stock is owned by company insiders.

Teradyne Price Performance

Shares of Teradyne stock opened at $137.41 on Friday. The company has a market cap of $22.42 billion, a PE ratio of 52.25, a price-to-earnings-growth ratio of 2.68 and a beta of 1.49. The firm has a fifty day moving average price of $129.85 and a two-hundred day moving average price of $128.89. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share 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 net margin of 18.33% and a return on equity of 18.77%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.79 earnings per share. Analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.35%. Teradyne’s payout ratio is 18.25%.

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.