Skandinaviska Enskilda Banken AB publ Raises Holdings in Teradyne, Inc. $TER

Skandinaviska Enskilda Banken AB publ boosted its position in Teradyne, Inc. (NASDAQ:TER) by 65.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,403 shares of the company’s stock after purchasing an additional 30,980 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Teradyne were worth $7,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew its holdings in shares of Teradyne by 44.7% during the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock worth $37,000 after buying an additional 140 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Teradyne by 189.9% in the first quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock worth $38,000 after buying an additional 302 shares in the last quarter. Steph & Co. acquired a new position in Teradyne during the second quarter worth about $43,000. Bayforest Capital Ltd boosted its position in Teradyne by 195.5% during the second quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock worth $47,000 after acquiring an additional 346 shares during the last quarter. Finally, Quaker Wealth Management LLC grew its stake in Teradyne by 200.9% during the 2nd quarter. Quaker Wealth Management LLC now owns 639 shares of the company’s stock valued at $57,000 after acquiring an additional 1,272 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total value of $199,661.60. Following the completion of the transaction, the chief executive officer directly owned 94,517 shares in the company, valued at approximately $17,031,963.40. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 3,324 shares of company stock valued at $494,318 in the last 90 days. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TER shares. Morgan Stanley raised their target price on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Citigroup lifted their price objective on Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Bank of America raised Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $171.25.

Teradyne Price Performance

Shares of TER opened at $181.82 on Monday. The stock has a market cap of $28.47 billion, a PE ratio of 66.11, a P/E/G ratio of 3.64 and a beta of 1.90. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $191.56. The firm has a 50-day simple moving average of $155.93 and a two-hundred day simple moving average of $118.52.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The business had revenue of $769.21 million during the quarter, compared to analyst estimates of $744.20 million. During the same period last year, the business posted $0.90 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Teradyne’s dividend payout ratio is 17.45%.

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.