Forsta AP Fonden Has $4.14 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Forsta AP Fonden reduced its stake in Teradyne, Inc. (NASDAQ:TER) by 7.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,900 shares of the company’s stock after selling 2,100 shares during the period. Forsta AP Fonden’s holdings in Teradyne were worth $4,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Teradyne by 0.7% in the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after buying an additional 135,286 shares during the period. Van ECK Associates Corp boosted its stake in shares of Teradyne by 10.4% in 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. Nordea Investment Management AB lifted its stake in Teradyne by 14.6% during the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after purchasing an additional 385,115 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Teradyne by 3.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock worth $246,210,000 after purchasing an additional 68,924 shares during the last quarter. Finally, Norges Bank bought a new stake in Teradyne during the fourth quarter worth $188,873,000. 99.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Mercedes Johnson sold 625 shares of the firm’s 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 completion of the sale, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The disclosure for this sale can be found here. Insiders sold a total of 10,483 shares of company stock worth $1,383,031 in the last three months. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on TER shares. KeyCorp upped their target price on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. 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. UBS Group upped their target price on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Citigroup cut their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, Northland Securities dropped their price target 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $141.50.

Teradyne Trading Up 2.4 %

Shares of Teradyne stock opened at $131.23 on Friday. The business has a 50-day moving average price of $134.35 and a two-hundred day moving average price of $127.45. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $163.21. The company has a market cap of $21.41 billion, a P/E ratio of 49.90, a PEG ratio of 2.63 and a beta of 1.49.

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

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.37%. Teradyne’s dividend payout ratio is presently 18.25%.

Teradyne 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.