Skandinaviska Enskilda Banken AB publ Purchases 29,587 Shares of Teradyne, Inc. (NASDAQ:TER)

Skandinaviska Enskilda Banken AB publ grew its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 98.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,623 shares of the company's stock after purchasing an additional 29,587 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Teradyne were worth $7,552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TER. Erste Asset Management GmbH increased its holdings in Teradyne by 9.7% during the 4th quarter. Erste Asset Management GmbH now owns 101,872 shares of the company's stock valued at $13,285,000 after purchasing an additional 9,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Teradyne by 122.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,816 shares of the company's stock worth $4,636,000 after buying an additional 20,232 shares during the last quarter. AGF Management Ltd. increased its stake in shares of Teradyne by 102.8% during the fourth quarter. AGF Management Ltd. now owns 3,236 shares of the company's stock valued at $407,000 after buying an additional 1,640 shares during the period. Inspire Advisors LLC raised its holdings in shares of Teradyne by 341.7% during the fourth quarter. Inspire Advisors LLC now owns 24,664 shares of the company's stock valued at $3,106,000 after acquiring an additional 19,080 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in Teradyne by 5.8% in the fourth 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 during the period. Institutional investors own 99.77% of the company's stock.

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Teradyne Trading Down 0.4 %

TER traded down $0.36 during trading on Wednesday, hitting $88.51. 2,918,232 shares of the company's stock traded hands, compared to its average volume of 2,280,218. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.83 and a beta of 1.46. The company's 50 day simple moving average is $115.61 and its two-hundred day simple moving average is $119.55. Teradyne, Inc. has a 12-month low of $82.98 and a 12-month high of $163.21.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.54%. Teradyne's dividend payout ratio is presently 14.41%.

Analyst Ratings Changes

Several research analysts have commented on the stock. TD Cowen decreased 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. Citigroup lowered their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Cantor Fitzgerald decreased their target price on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Susquehanna dropped their price target on Teradyne from $165.00 to $155.00 and set a "positive" rating on the stock in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. decreased their price objective on Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.44.

Insider Activity

In related news, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the sale, the vice president now owns 4,312 shares of the company's stock, valued at $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard John Burns sold 407 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of 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 sold 8,479 shares of company stock valued at $1,013,134 over the last three months. Insiders own 0.36% of the company's stock.

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.