Acadian Asset Management LLC Takes Position in Teradyne, Inc. (NASDAQ:TER)

Acadian Asset Management LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,839 shares of the company’s stock, valued at approximately $865,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Teradyne in the fourth quarter valued at about $188,873,000. Van ECK Associates Corp boosted its position in 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 last quarter. KBC Group NV raised its position in 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 buying an additional 444,442 shares during the last quarter. Swedbank AB lifted its stake in 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 acquiring an additional 426,900 shares during the period. Finally, Ossiam boosted its holdings in shares of Teradyne by 13,540.0% in the 1st quarter. Ossiam now owns 419,977 shares of the company’s stock valued at $47,386,000 after acquiring an additional 416,898 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Down 2.5 %

Shares of NASDAQ TER opened at $127.98 on Tuesday. The firm has a market cap of $19.98 billion, a price-to-earnings ratio of 48.66, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The company’s 50-day simple moving average is $133.83 and its 200-day simple moving average is $127.82. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) 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 company had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. During the same period in the previous year, the firm posted $0.79 EPS. Teradyne’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

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 $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. Teradyne’s payout ratio is currently 18.25%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated 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 in the company, valued at $10,896,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 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 in the company, valued at $10,896,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now owns 17,143 shares in the company, valued at approximately $2,207,504.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,483 shares of company stock worth $1,383,031. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TER. Northland Capmk downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Robert W. Baird upped their price objective on shares of Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Citigroup dropped their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, July 26th. The Goldman Sachs Group upped their price objective on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $141.50.

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.