DNB Asset Management AS Raises Stake in Teradyne, Inc. (NASDAQ:TER)

DNB Asset Management AS boosted its position in Teradyne, Inc. (NASDAQ:TER) by 11.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,573 shares of the company’s stock after buying an additional 2,822 shares during the period. DNB Asset Management AS’s holdings in Teradyne were worth $3,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bfsg LLC purchased a new stake in Teradyne in the 1st quarter worth approximately $34,000. American National Bank purchased a new stake in Teradyne in the 4th quarter worth approximately $37,000. Cambridge Trust Co. purchased a new stake in Teradyne in the 4th quarter worth approximately $38,000. Mather Group LLC. purchased a new stake in Teradyne in the 1st quarter worth approximately $53,000. Finally, Advantage Trust Co purchased a new stake in Teradyne in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Stifel Nicolaus upped their target price on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Northland Securities reduced their price objective on Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. UBS Group lifted their price target on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, The Goldman Sachs Group lifted their price target on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $142.93.

Teradyne Trading Up 1.1 %

NASDAQ:TER opened at $119.58 on Wednesday. The firm has a market cap of $18.67 billion, a P/E ratio of 44.99, a PEG ratio of 2.41 and a beta of 1.50. The stock’s 50 day simple moving average is $143.99 and its 200-day simple moving average is $122.30. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The business 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%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. Research analysts forecast that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio is presently 18.25%.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Richard John Burns sold 5,005 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now directly owns 21,780 shares in the company, valued at $2,997,799.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now owns 17,143 shares in the company, valued at $2,207,504.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,255 shares of company stock valued at $859,269. Insiders own 0.36% of the company’s stock.

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.