Northwestern Mutual Wealth Management Co. Lowers Stock Position in Teradyne, Inc. (NASDAQ:TER)

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,616 shares of the company’s stock after selling 140 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Teradyne were worth $685,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Teradyne in the second quarter valued at about $27,000. Rothschild Investment LLC purchased a new position in shares of Teradyne in the second quarter valued at $33,000. Tortoise Investment Management LLC raised its stake in shares of Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after buying an additional 342 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in Teradyne in the 1st quarter valued at about $53,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TER shares. Robert W. Baird upped their price target on shares of Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Susquehanna upped their target price on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. KeyCorp raised their price target on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. upped their price objective on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $141.50.

Teradyne Trading Down 0.8 %

Shares of Teradyne stock opened at $129.51 on Tuesday. The business’s fifty day moving average price is $128.67 and its 200 day moving average price is $130.34. The stock has a market capitalization of $20.22 billion, a P/E ratio of 49.02, a PEG ratio of 2.69 and a beta of 1.49. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm 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%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 EPS. As a group, sell-side analysts predict that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s payout ratio is 18.25%.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares in the company, valued at $4,768,072.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 789 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,977 shares of company stock valued at $1,979,834. Corporate insiders own 0.36% of the company’s stock.

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.