Teradyne, Inc. (NASDAQ:TER) Stock Holdings Raised by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its holdings in Teradyne, Inc. (NASDAQ:TERFree Report) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 66,322 shares of the company’s stock after buying an additional 1,245 shares during the period. Royal London Asset Management Ltd.’s holdings in Teradyne were worth $7,197,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TER. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Teradyne in the 3rd quarter valued at about $27,000. CVA Family Office LLC acquired a new position in shares of Teradyne in the 4th quarter valued at about $33,000. American National Bank acquired a new position in Teradyne during the 4th quarter valued at about $37,000. Cambridge Trust Co. acquired a new position in Teradyne during the 4th quarter valued at about $38,000. Finally, Advantage Trust Co acquired a new position in Teradyne during the 4th quarter valued at about $54,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Richard John Burns sold 5,005 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $137.64, for a total value of $688,888.20. Following the transaction, the insider now directly owns 21,780 shares in the company, valued at approximately $2,997,799.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The disclosure for this sale can be found here. Insiders have sold 10,005 shares of company stock worth $1,304,763 over the last 90 days. 0.36% of the stock is owned by company insiders.

Teradyne Price Performance

NASDAQ TER opened at $140.90 on Friday. The company’s 50 day simple moving average is $121.75 and its 200 day simple moving average is $109.32. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $146.52. The company has a market capitalization of $22.00 billion, a P/E ratio of 53.57, a PEG ratio of 2.70 and a beta of 1.51.

Teradyne (NASDAQ:TERGet Free Report) last released its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The business had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same period in the previous year, the firm earned $0.55 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts anticipate that Teradyne, Inc. will post 3.04 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.34%. Teradyne’s dividend payout ratio is currently 18.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Robert W. Baird boosted their target price on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. The Goldman Sachs Group boosted their target price on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Evercore ISI assumed coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price for the company. Finally, Susquehanna boosted their target price on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.17.

Read Our Latest Research Report on TER

Teradyne Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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