Pacer Advisors Inc. Sells 2,730 Shares of Teradyne, Inc. (NASDAQ:TER)

Pacer Advisors Inc. lessened its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 19.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,010 shares of the company’s stock after selling 2,730 shares during the quarter. Pacer Advisors Inc.’s holdings in Teradyne were worth $1,633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TER. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Teradyne during the 2nd quarter valued at $27,000. Rothschild Investment LLC purchased a new stake in shares of Teradyne during the 2nd quarter valued at $33,000. Tortoise Investment Management LLC lifted its holdings in shares of Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Teradyne by 3,800.0% during the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after purchasing an additional 342 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Teradyne during the 1st quarter valued at $53,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 5.2 %

NASDAQ:TER opened at $137.41 on Friday. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The stock has a market capitalization 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 stock’s 50-day moving average price is $129.85 and its 200-day moving average price is $128.89.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. During the same period last year, the firm earned $0.79 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the sale, the director now owns 16,518 shares in the company, valued at $2,204,987.82. The disclosure for this sale can be found here. Insiders have sold 10,483 shares of company stock worth $1,383,031 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TER shares. Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Robert W. Baird raised their target price on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Citigroup reduced 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, July 26th. KeyCorp raised their target price on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Finally, Northland Securities reduced their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $141.50.

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.