ProShare Advisors LLC Boosts Position in Teradyne, Inc. (NASDAQ:TER)

ProShare Advisors LLC grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 12.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,339 shares of the company’s stock after buying an additional 5,608 shares during the quarter. ProShare Advisors LLC’s holdings in Teradyne were worth $7,465,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Teradyne by 3.7% in the fourth quarter. Franklin Resources Inc. now owns 44,303 shares of the company’s stock worth $4,808,000 after buying an additional 1,592 shares during the period. US Bancorp DE grew its position in Teradyne by 8.2% in the fourth quarter. US Bancorp DE now owns 37,684 shares of the company’s stock valued at $4,090,000 after acquiring an additional 2,862 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Teradyne by 12.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 75,492 shares of the company’s stock valued at $8,192,000 after purchasing an additional 8,628 shares during the period. Stifel Financial Corp lifted its position in shares of Teradyne by 0.8% during the fourth quarter. Stifel Financial Corp now owns 202,454 shares of the company’s stock worth $21,971,000 after purchasing an additional 1,632 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Teradyne by 28.8% in the fourth quarter. Allianz Asset Management GmbH now owns 485,053 shares of the company’s stock valued at $52,638,000 after purchasing an additional 108,471 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Susquehanna lifted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Citigroup reduced their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. UBS Group lifted their price objective on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Craig Hallum lowered shares of 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Teradyne currently has an average rating of “Hold” and an average price target of $141.50.

Insider Activity

In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction 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 transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,483 shares of company stock valued at $1,383,031. 0.36% of the stock is currently owned by company insiders.

Teradyne Stock Performance

NASDAQ TER opened at $131.02 on Wednesday. Teradyne, Inc. has a one year low of $81.07 and a one year high of $163.21. The company has a 50-day simple moving average of $130.52 and a 200-day simple moving average of $128.82. The firm has a market capitalization of $21.38 billion, a PE ratio of 49.82, a price-to-earnings-growth ratio of 2.66 and a beta of 1.49.

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

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, September 5th. 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.