Sei Investments Co. Cuts Position in Teradyne, Inc. (NASDAQ:TER)

Sei Investments Co. lessened its holdings in Teradyne, Inc. (NASDAQ:TER) by 11.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 271,679 shares of the company’s stock after selling 35,177 shares during the quarter. Sei Investments Co.’s holdings in Teradyne were worth $40,286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Teradyne by 206.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,934 shares of the company’s stock worth $1,325,000 after purchasing an additional 6,022 shares during the last quarter. Trust Investment Advisors acquired a new position in shares of Teradyne during the 2nd quarter worth approximately $252,000. Ieq Capital LLC boosted its holdings in shares of Teradyne by 4.7% during the 2nd quarter. Ieq Capital LLC now owns 14,408 shares of the company’s stock worth $2,137,000 after purchasing an additional 652 shares during the last quarter. Kentucky Retirement Systems boosted its holdings in shares of Teradyne by 1.3% during the 2nd quarter. Kentucky Retirement Systems now owns 11,764 shares of the company’s stock worth $1,744,000 after purchasing an additional 154 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Teradyne by 27.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,703 shares of the company’s stock worth $2,606,000 after purchasing an additional 3,865 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

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

Analyst Ratings Changes

TER has been the topic of a number of recent analyst reports. Northland Securities decreased their price objective on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. KeyCorp upped their price objective on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 12th. The Goldman Sachs Group upped their price objective on Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Citigroup decreased their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Finally, Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective on the stock in a report on Friday, August 16th. One equities 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 stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Hold” and an average target price of $141.50.

Teradyne Price Performance

NASDAQ:TER opened at $129.69 on Tuesday. The firm has a market capitalization of $20.25 billion, a PE ratio of 49.31, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49. The business’s fifty day moving average price is $131.76 and its 200 day moving average price is $128.51. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. Teradyne’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. As a group, equities 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 will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be paid 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 presently 18.25%.

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.