KLP Kapitalforvaltning AS Invests $6.74 Million in Teradyne, Inc. (NASDAQ:TER)

KLP Kapitalforvaltning AS purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 53,500 shares of the company's stock, valued at approximately $6,737,000.

Several other institutional investors have also recently made changes to their positions in the business. Roberts Glore & Co. Inc. IL grew its holdings in Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock valued at $517,000 after purchasing an additional 90 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock valued at $858,000 after buying an additional 104 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Teradyne by 3.1% during the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock valued at $434,000 after acquiring an additional 105 shares during the period. TD Private Client Wealth LLC increased its holdings in Teradyne by 0.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company's stock worth $2,666,000 after acquiring an additional 108 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in Teradyne by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock worth $283,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Insider Buying and Selling at Teradyne

In other Teradyne news, VP Ryan Driscoll sold 437 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the transaction, the vice president now owns 4,312 shares in the company, valued at $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard John Burns sold 407 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the transaction, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 over the last quarter. Insiders own 0.18% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Bank of America dropped their target price on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Cantor Fitzgerald decreased their target price on Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Finally, TD Cowen cut their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $121.44.

Teradyne Trading Down 3.4 %

Shares of NASDAQ:TER traded down $2.90 during trading on Friday, reaching $82.78. The company's stock had a trading volume of 2,363,794 shares, compared to its average volume of 2,392,806. The stock has a market capitalization of $13.39 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 12 month low of $82.47 and a 12 month high of $163.21. The firm's 50 day simple moving average is $107.90 and its two-hundred day simple moving average is $117.43.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, February 14th. Teradyne's payout ratio is 14.41%.

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.