DnB Asset Management AS Increases Position in Teradyne, Inc. (NASDAQ:TER)

DnB Asset Management AS increased its position in Teradyne, Inc. (NASDAQ:TER) by 35.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,084 shares of the company’s stock after buying an additional 10,030 shares during the period. DnB Asset Management AS’s holdings in Teradyne were worth $4,796,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Thrivent Financial for Lutherans grew its holdings in Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after buying an additional 104 shares in the last quarter. Cerity Partners LLC grew its stake in Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock valued at $1,523,000 after acquiring an additional 5,294 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Teradyne by 6.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 102,122 shares of the company’s stock valued at $13,677,000 after acquiring an additional 5,804 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Teradyne in the 3rd quarter worth $194,000. Finally, Townsquare Capital LLC bought a new position in shares of Teradyne during the 3rd quarter valued at about $312,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TER shares. UBS Group set a $130.00 target price on Teradyne and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Cantor Fitzgerald decreased their price objective on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Susquehanna cut their target price on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a report on Wednesday, March 12th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, KeyCorp dropped their price objective on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.44.

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 445 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the transaction, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. This represents a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Mehta sold 614 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. This represents a 1.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is currently owned by company insiders.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $82.78 on Monday. The business’s 50 day moving average price is $107.90 and its 200-day moving average price is $117.33. Teradyne, Inc. has a fifty-two week low of $81.71 and a fifty-two week high of $163.21. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. Teradyne’s dividend payout ratio is currently 14.41%.

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.