Teradyne, Inc. (NASDAQ:TER) Stock Position Raised by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 60.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 29,297 shares of the company’s stock after buying an additional 11,034 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Teradyne were worth $4,344,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in Teradyne during the second quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new position in shares of Teradyne in the second quarter worth $33,000. Tortoise Investment Management LLC raised its holdings in shares of Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. Versant Capital Management Inc boosted its position in Teradyne by 3,800.0% during the second 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 position in Teradyne in the first quarter valued at about $53,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now owns 16,518 shares in the company, valued at approximately $2,204,987.82. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,483 shares of company stock valued at $1,383,031. Insiders own 0.36% of the company’s stock.

Teradyne Stock Down 2.0 %

Shares of NASDAQ:TER opened at $134.64 on Friday. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 51.19, a PEG ratio of 2.68 and a beta of 1.49. The business has a 50 day moving average price of $129.61 and a 200 day moving average price of $129.09. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data 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. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company 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 business earned $0.79 earnings per share. Teradyne’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.36%. Teradyne’s payout ratio is 18.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TER shares. JPMorgan Chase & Co. raised their price target on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Evercore ISI cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Citigroup dropped their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. UBS Group lifted their price objective 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. Finally, Northland Securities lowered their target price on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research report on Friday, July 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 company has a consensus rating of “Hold” and a consensus price target of $141.50.

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.