Assenagon Asset Management S.A. Has $6.62 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

Assenagon Asset Management S.A. decreased its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 71.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,442 shares of the company's stock after selling 121,125 shares during the period. Assenagon Asset Management S.A.'s holdings in Teradyne were worth $6,622,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TER. Vanguard Group Inc. raised its holdings in shares of Teradyne by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company's stock valued at $2,078,462,000 after purchasing an additional 135,286 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Teradyne by 1.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company's stock worth $682,597,000 after acquiring an additional 57,989 shares in the last quarter. Nordea Investment Management AB grew its position in Teradyne by 14.6% during the 1st quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company's stock worth $342,178,000 after purchasing an additional 385,115 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Teradyne by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company's stock worth $299,073,000 after purchasing an additional 47,157 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. grew its position in Teradyne by 1.1% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 1,379,062 shares of the company's stock worth $155,600,000 after purchasing an additional 14,526 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TER shares. Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday. Cantor Fitzgerald upgraded shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 target price for the company in a research report on Friday, August 16th. StockNews.com raised shares of Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday. JPMorgan Chase & Co. boosted their price objective on shares of Teradyne from $120.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, July 23rd. Finally, Northland Capmk downgraded shares of Teradyne from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $142.62.

Teradyne Trading Up 1.7 %

NASDAQ TER traded up $1.91 during trading on Tuesday, reaching $113.24. The company's stock had a trading volume of 2,280,127 shares, compared to its average volume of 2,025,788. The business has a 50-day moving average price of $128.96 and a 200-day moving average price of $132.07. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $163.21. The stock has a market capitalization of $18.48 billion, a PE ratio of 35.34, a PEG ratio of 2.46 and a beta of 1.49.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Teradyne's revenue was up 4.8% compared to the same quarter last year. As a group, analysts expect that Teradyne, Inc. will post 3.12 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne's dividend payout ratio (DPR) is presently 15.24%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares of the company's stock, valued at $10,896,080. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now owns 17,143 shares in the company, valued at approximately $2,207,504.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. 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 valued at $1,979,834 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

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.