Kayne Anderson Rudnick Investment Management LLC Has $682.60 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Kayne Anderson Rudnick Investment Management LLC grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 1.3% in the 2nd quarter, Holdings Channel reports. The fund owned 4,603,123 shares of the company’s stock after purchasing an additional 57,989 shares during the quarter. Teradyne comprises 1.7% of Kayne Anderson Rudnick Investment Management LLC’s portfolio, making the stock its 13th biggest holding. Kayne Anderson Rudnick Investment Management LLC’s holdings in Teradyne were worth $682,597,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TER. Vanguard Group Inc. increased its stake in Teradyne by 0.7% during the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after acquiring an additional 135,286 shares during the period. Van ECK Associates Corp increased its position in shares of Teradyne by 10.4% during the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after purchasing an additional 453,926 shares during the period. Nordea Investment Management AB raised its stake in shares of Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock valued at $342,178,000 after purchasing an additional 385,115 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Teradyne by 3.3% in 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 during the period. Finally, Nikko Asset Management Americas Inc. boosted its stake in Teradyne by 1.1% during the first quarter. Nikko Asset Management Americas Inc. now owns 1,379,062 shares of the company’s stock worth $155,600,000 after buying an additional 14,526 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Down 3.6 %

TER stock opened at $128.95 on Friday. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21. The company has a market cap of $20.13 billion, a P/E ratio of 49.03, a PEG ratio of 2.62 and a beta of 1.49. The business has a fifty day moving average of $131.76 and a 200-day moving average of $128.18.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be issued a $0.12 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne’s dividend payout ratio is currently 18.25%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Stifel Nicolaus increased their target price on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a report on Tuesday, July 16th. Susquehanna boosted their price target on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. UBS Group increased their price objective on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, KeyCorp boosted their target price on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $141.50.

Insider Buying and Selling at Teradyne

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

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.