Vanguard Group Inc. Acquires 89,511 Shares of Teradyne, Inc. (NASDAQ:TER)

Vanguard Group Inc. raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,285,900 shares of the company’s stock after purchasing an additional 89,511 shares during the period. Vanguard Group Inc. owned 11.95% of Teradyne worth $1,984,386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TER. Norges Bank purchased a new position in shares of Teradyne during the 4th quarter worth approximately $188,873,000. Van ECK Associates Corp grew its holdings in shares of Teradyne by 26.9% during the 4th quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock worth $473,265,000 after acquiring an additional 923,612 shares during the period. Boston Partners grew its holdings in shares of Teradyne by 23.2% during the 4th quarter. Boston Partners now owns 2,896,349 shares of the company’s stock worth $314,324,000 after acquiring an additional 544,482 shares during the period. Invesco Ltd. grew its holdings in shares of Teradyne by 24.4% during the 3rd quarter. Invesco Ltd. now owns 2,427,501 shares of the company’s stock worth $243,867,000 after acquiring an additional 476,763 shares during the period. Finally, KBC Group NV grew its holdings in shares of Teradyne by 1,544.3% during 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 during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the transaction, the director now directly owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the transaction, the director now directly owns 18,393 shares in the company, valued at $2,645,649.12. The disclosure for this sale can be found here. Insiders have sold 10,005 shares of company stock valued at $1,304,763 in the last ninety days. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on TER shares. Evercore ISI started coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock. Robert W. Baird upped their price target on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Susquehanna upped their price target on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. upped their price target on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Teradyne Trading Up 4.8 %

Shares of TER opened at $151.75 on Wednesday. The business’s fifty day simple moving average is $126.98 and its two-hundred day simple moving average is $112.23. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $152.23. The company has a market cap of $23.69 billion, a price-to-earnings ratio of 57.70, a P/E/G ratio of 2.73 and a beta of 1.51.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. As a group, research analysts forecast that Teradyne, Inc. will post 3.04 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 annualized dividend and a dividend yield of 0.32%. Teradyne’s payout ratio is 18.25%.

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.