Teradyne, Inc. (NASDAQ:TER) Stock Holdings Decreased by Primecap Management Co. CA

Primecap Management Co. CA lessened its position in Teradyne, Inc. (NASDAQ:TER) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,038,485 shares of the company’s stock after selling 12,395 shares during the quarter. Primecap Management Co. CA’s holdings in Teradyne were worth $302,287,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Teradyne during the 4th quarter valued at $188,873,000. Van ECK Associates Corp raised its position in Teradyne by 10.4% during the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after buying an additional 453,926 shares during the period. KBC Group NV lifted its stake in Teradyne by 1,544.3% in the 4th quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after acquiring an additional 444,442 shares in the last quarter. Swedbank AB lifted its position in shares of Teradyne by 198.8% in the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after purchasing an additional 426,900 shares in the last quarter. Finally, Ossiam lifted its position in Teradyne by 13,540.0% in the 1st quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after buying an additional 416,898 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Down 2.5 %

Shares of TER stock opened at $127.98 on Tuesday. The firm has a market capitalization of $19.98 billion, a P/E ratio of 48.66, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21. The firm’s fifty day simple moving average is $133.83 and its 200 day simple moving average is $127.82.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. Equities research analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

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

Analysts Set New Price Targets

TER has been the subject of a number of recent research reports. Craig Hallum downgraded Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target for the company. in a research note on Friday, July 26th. Robert W. Baird boosted their price target on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a research note on Friday, August 16th. UBS Group raised their price objective on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, Northland Securities decreased their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus price target of $141.50.

Insiders Place Their Bets

In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred 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 sale, 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. In the last quarter, insiders sold 10,483 shares of company stock worth $1,383,031. 0.36% of the stock is currently owned by company insiders.

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.