KLP Kapitalforvaltning AS raised its position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,800 shares of the company’s stock after purchasing an additional 1,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in Teradyne were worth $5,018,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Berbice Capital Management LLC grew its holdings in Teradyne by 200.0% during the first quarter. Berbice Capital Management LLC now owns 300 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares during the period. Manchester Capital Management LLC grew its holdings in Teradyne by 44.7% during the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after purchasing an additional 140 shares during the period. Brooklyn Investment Group grew its holdings in Teradyne by 189.9% during the first quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock valued at $38,000 after purchasing an additional 302 shares during the period. Steph & Co. bought a new position in Teradyne during the second quarter valued at $43,000. Finally, Summit Securities Group LLC bought a new position in Teradyne during the first quarter valued at $58,000. 99.77% of the stock is owned by institutional investors.
Teradyne Stock Down 9.0%
Teradyne stock opened at $132.08 on Friday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $150.71. The business has a 50-day simple moving average of $121.40 and a 200 day simple moving average of $96.68. The stock has a market cap of $21.01 billion, a price-to-earnings ratio of 45.70, a PEG ratio of 3.05 and a beta of 1.82.
Teradyne Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 5th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, September 5th. Teradyne’s payout ratio is presently 16.61%.
Insider Buying and Selling
In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $126.39, for a total transaction of $70,020.06. Following the completion of the sale, the chief executive officer owned 95,885 shares of the company’s stock, valued at $12,118,905.15. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 2,216 shares of company stock worth $251,028 in the last three months. 0.16% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on TER. Stifel Nicolaus increased their price objective on Teradyne from $85.00 to $100.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Morgan Stanley raised Teradyne from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $74.00 to $100.00 in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a report on Wednesday. Cantor Fitzgerald set a $105.00 price target on Teradyne and gave the stock an “overweight” rating in a report on Tuesday, June 24th. Finally, Northland Securities set a $161.00 price target on Teradyne in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.27.
Check Out Our Latest Research Report on Teradyne
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.
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