Swedbank AB Sells 5,700 Shares of Teradyne, Inc. $TER

Swedbank AB reduced its stake in Teradyne, Inc. (NASDAQ:TER) by 11.6% during the third quarter, HoldingsChannel reports. The firm owned 43,402 shares of the company’s stock after selling 5,700 shares during the period. Swedbank AB’s holdings in Teradyne were worth $5,974,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TER. Ameriprise Financial Inc. increased its holdings in shares of Teradyne by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after buying an additional 143,058 shares during the last quarter. Federated Hermes Inc. grew its position in Teradyne by 79.7% in the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after acquiring an additional 1,679,215 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Teradyne by 26.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company’s stock worth $286,634,000 after acquiring an additional 652,175 shares in the last quarter. Primecap Management Co. CA increased its stake in Teradyne by 58.6% in the second quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after acquiring an additional 1,125,868 shares during the last quarter. Finally, Invesco Ltd. raised its position in Teradyne by 2.5% during the second quarter. Invesco Ltd. now owns 2,859,466 shares of the company’s stock valued at $257,123,000 after purchasing an additional 68,568 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Teradyne from a “sell” rating to a “buy” rating and upped their price objective for the stock from $148.00 to $230.00 in a report on Monday, December 15th. UBS Group boosted their target price on Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Monday, September 1st. Industrial Alliance Securities set a $175.00 price target on shares of Teradyne in a research note on Tuesday, October 28th. Finally, Citigroup boosted their price objective on shares of Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $185.75.

Teradyne Stock Performance

Shares of TER stock opened at $198.90 on Friday. The company has a market capitalization of $31.15 billion, a P/E ratio of 72.33, a PEG ratio of 2.08 and a beta of 1.85. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $205.00. The stock has a 50 day moving average price of $178.70 and a two-hundred day moving average price of $134.28.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm had revenue of $769.21 million for the quarter, compared to analysts’ expectations of $744.20 million. During the same quarter last year, the business earned $0.90 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. As a group, equities analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, November 24th. Teradyne’s dividend payout ratio is 17.45%.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 3,324 shares of company stock worth $583,639 over the last ninety days. Corporate insiders own 0.16% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.