Teradyne, Inc. (NASDAQ:TER) Stock Position Boosted by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,603,123 shares of the company’s stock after buying an additional 57,989 shares during the quarter. Teradyne comprises 1.7% of Kayne Anderson Rudnick Investment Management LLC’s holdings, making the stock its 13th biggest position. Kayne Anderson Rudnick Investment Management LLC owned about 2.82% of Teradyne worth $682,597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Teradyne in the second quarter valued at $27,000. Rothschild Investment LLC bought a new position in shares of Teradyne during the 2nd quarter valued at about $33,000. Tortoise Investment Management LLC boosted its position in shares of Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Versant Capital Management Inc grew its stake 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 purchasing an additional 342 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Teradyne in the 1st quarter worth approximately $53,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TER. Citigroup dropped their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Craig Hallum downgraded Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price for the company. in a report on Friday, July 26th. UBS Group lifted their price target on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 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 research note on Monday, July 29th. Finally, Northland Securities dropped their target price on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $141.50.

Teradyne Stock Down 3.6 %

Teradyne stock opened at $128.95 on Friday. The company’s fifty day simple moving average is $131.76 and its 200-day simple moving average is $128.18. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The stock has a market cap of $20.13 billion, a P/E ratio of 49.03, a P/E/G ratio of 2.62 and a beta of 1.49.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $701.20 million. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities research analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm 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 dividend payout ratio (DPR) is presently 18.25%.

Insiders Place Their Bets

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

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.