Sei Investments Co. Reduces Stake in Teradyne, Inc. (NASDAQ:TER)

Sei Investments Co. lowered its holdings in Teradyne, Inc. (NASDAQ:TER) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 271,679 shares of the company’s stock after selling 35,177 shares during the period. Sei Investments Co. owned approximately 0.17% of Teradyne worth $40,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB increased its position in shares of Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after purchasing an additional 426,900 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Teradyne by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after buying an additional 50,156 shares during the last quarter. Caxton Associates LP purchased a new position in Teradyne during the fourth quarter valued at $1,560,000. Janney Montgomery Scott LLC increased its holdings in shares of Teradyne by 8.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock worth $21,295,000 after purchasing an additional 14,272 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of 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 purchasing an additional 444,442 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

NASDAQ:TER opened at $129.69 on Tuesday. The firm has a market capitalization of $20.25 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 2.62 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 business has a 50 day simple moving average of $131.76 and a 200-day simple moving average of $128.51.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $701.20 million. During the same period in the prior year, the business posted $0.79 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a report on Tuesday, July 16th. Northland Securities reduced their price target 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. 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 report on Friday, August 16th. Citigroup dropped their price objective 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, The Goldman Sachs Group upped their price objective on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. One 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, the stock has a consensus rating of “Hold” and an average target price of $141.50.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction 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 owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction 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 owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The disclosure for this sale can be found here. Insiders have sold 10,483 shares of company stock worth $1,383,031 in the last ninety days. 0.36% of the stock is owned by company insiders.

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.