Securian Asset Management Inc. Reduces Stock Holdings in Teradyne, Inc. $TER

Securian Asset Management Inc. cut its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 44.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,235 shares of the company’s stock after selling 3,361 shares during the period. Securian Asset Management Inc.’s holdings in Teradyne were worth $820,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Teradyne in the fourth quarter valued at approximately $37,000. True Wealth Design LLC lifted its position in shares of Teradyne by 49.6% during the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after purchasing an additional 70 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Teradyne in the third quarter valued at $31,000. Davidson Capital Management Inc. purchased a new position in shares of Teradyne in the third quarter valued at $31,000. Finally, Activest Wealth Management grew its holdings in Teradyne by 73.6% during the 4th quarter. Activest Wealth Management now owns 243 shares of the company’s stock valued at $47,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In other Teradyne news, VP Ryan Driscoll sold 680 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president owned 7,665 shares in the company, valued at $2,894,304. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by corporate insiders.

Teradyne Price Performance

NASDAQ TER opened at $363.39 on Thursday. The company has a market capitalization of $56.89 billion, a price-to-earnings ratio of 67.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a 12 month low of $75.99 and a 12 month high of $422.11. The company’s fifty day moving average price is $334.04 and its two-hundred day moving average price is $261.55.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company’s revenue was up 87.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 EPS. As a group, analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be issued a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne’s dividend payout ratio is presently 9.63%.

Analyst Upgrades and Downgrades

TER has been the topic of several analyst reports. UBS Group lifted their price target on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Bank of America raised their target price on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Evercore set a $370.00 target price on Teradyne in a research report on Thursday, April 30th. Robert W. Baird set a $350.00 price target on Teradyne in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada set a $270.00 price target on Teradyne in a report on Monday, February 2nd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $339.80.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.