DekaBank Deutsche Girozentrale Raises Stock Position in Teradyne, Inc. (NASDAQ:TER)

DekaBank Deutsche Girozentrale raised its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 4.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 650,784 shares of the company's stock after buying an additional 24,744 shares during the period. DekaBank Deutsche Girozentrale owned about 0.40% of Teradyne worth $88,449,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew its position in shares of Teradyne by 10.4% during the 1st quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company's stock valued at $543,278,000 after acquiring an additional 453,926 shares during the period. Swedbank AB grew its position in shares of Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company's stock valued at $95,145,000 after acquiring an additional 426,900 shares during the period. Ossiam grew its position in shares of Teradyne by 13,540.0% during the 1st quarter. Ossiam now owns 419,977 shares of the company's stock valued at $47,386,000 after acquiring an additional 416,898 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Teradyne by 4,854.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 398,009 shares of the company's stock valued at $44,907,000 after acquiring an additional 389,975 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Teradyne by 14.6% during the 1st quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company's stock valued at $342,178,000 after acquiring an additional 385,115 shares during the period. Hedge funds and other institutional investors own 99.77% of the company's stock.

Insider Activity

In related news, CFO Sanjay Mehta sold 6,153 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,977 shares of company stock worth $1,979,834 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Teradyne Price Performance

Shares of NASDAQ:TER traded down $0.42 on Monday, reaching $111.33. The company's stock had a trading volume of 2,588,158 shares, compared to its average volume of 2,024,566. The stock's 50-day moving average is $129.41 and its two-hundred day moving average is $132.05. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $163.21. The stock has a market capitalization of $18.17 billion, a P/E ratio of 35.48, a PEG ratio of 2.46 and a beta of 1.49.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analysts' expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. Equities analysts forecast that Teradyne, Inc. will post 3.12 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. Teradyne's dividend payout ratio is presently 15.24%.

Analyst Ratings Changes

Several research firms recently issued reports on TER. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday. Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a report on Friday. Northland Securities lowered their target price on Teradyne from $126.00 to $117.00 and set a "market perform" rating on the stock in a report on Friday. JPMorgan Chase & Co. boosted their target price on Teradyne from $120.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus lowered their target price on Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Teradyne has a consensus rating of "Hold" and a consensus target price of $142.62.

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.