Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Swedbank AB

Swedbank AB increased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 657,084 shares of the company’s stock after acquiring an additional 15,470 shares during the period. Swedbank AB’s holdings in Teradyne were worth $88,003,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TER. Congress Asset Management Co. MA increased its stake in Teradyne by 2.9% in the 4th quarter. Congress Asset Management Co. MA now owns 3,860 shares of the company’s stock worth $419,000 after purchasing an additional 110 shares in the last quarter. Vanguard Group Inc. increased its stake in Teradyne by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 18,285,900 shares of the company’s stock worth $1,984,386,000 after purchasing an additional 89,511 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in Teradyne in the 4th quarter worth about $440,000. CWM LLC increased its stake in Teradyne by 14.1% in the 1st quarter. CWM LLC now owns 3,026 shares of the company’s stock worth $341,000 after purchasing an additional 373 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Teradyne in the 1st quarter worth about $53,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the sale, the director now directly owns 15,893 shares in the company, valued at approximately $2,110,590.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the sale, the director now directly owns 15,893 shares of the company’s stock, valued at approximately $2,110,590.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,977 shares of company stock worth $1,979,834. 0.36% of the stock is currently owned by insiders.

Teradyne Price Performance

Shares of Teradyne stock opened at $127.36 on Wednesday. The firm has a market cap of $19.88 billion, a price-to-earnings ratio of 48.43, a P/E/G ratio of 2.64 and a beta of 1.49. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $163.21. The stock has a 50-day simple moving average of $129.81 and a 200-day simple moving average of $131.29.

Teradyne (NASDAQ:TER) last posted its earnings results 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. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. During the same period in the previous year, the company earned $0.79 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.38%. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Analysts Set New Price Targets

TER has been the topic of a number of analyst reports. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Citigroup lowered their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research note on Friday, August 16th. Stifel Nicolaus lifted their target price on Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. Finally, Evercore ISI lifted their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $142.57.

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.