Teradyne, Inc. (NASDAQ:TER) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 42.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,089 shares of the company’s stock after selling 2,249 shares during the quarter. Intech Investment Management LLC’s holdings in Teradyne were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake 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 period. Van ECK Associates Corp boosted its holdings 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 acquiring an additional 453,926 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Teradyne by 14.6% during the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock valued at $342,178,000 after acquiring an additional 385,115 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Teradyne by 3.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock worth $246,210,000 after purchasing an additional 68,924 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. lifted its position in Teradyne by 1.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 1,379,062 shares of the company’s stock worth $155,600,000 after purchasing an additional 14,526 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TER has been the topic of a number of research reports. KeyCorp boosted their price objective on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Northland Capmk lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a report on Friday, August 16th. Citigroup reduced their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. Finally, Craig Hallum cut Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target on the stock. in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Teradyne currently has a consensus rating of “Hold” and an average target price of $141.50.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. The disclosure for this sale can be found here. Insiders have sold 10,483 shares of company stock worth $1,383,031 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Teradyne Price Performance

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

Teradyne (NASDAQ:TER) last announced its quarterly earnings data 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 net margin of 18.33% and a return on equity of 18.77%. The firm had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. During the same period in the previous year, the firm posted $0.79 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, equities research analysts anticipate that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

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

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.