American Century Companies Inc. Buys 470,584 Shares of Teradyne, Inc. $TER

American Century Companies Inc. grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 42.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,590,834 shares of the company’s stock after purchasing an additional 470,584 shares during the quarter. American Century Companies Inc. owned about 1.00% of Teradyne worth $143,048,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TER. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Teradyne by 3.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock valued at $24,908,000 after acquiring an additional 9,094 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Teradyne by 73.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock worth $412,000 after acquiring an additional 1,939 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Teradyne by 17.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company’s stock valued at $11,893,000 after purchasing an additional 21,219 shares in the last quarter. Machina Capital S.A.S. raised its position in Teradyne by 96.3% in the 2nd quarter. Machina Capital S.A.S. now owns 5,425 shares of the company’s stock valued at $488,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. boosted its stake in Teradyne by 60.9% in the second quarter. Cornercap Investment Counsel Inc. now owns 9,130 shares of the company’s stock worth $821,000 after purchasing an additional 3,454 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on TER shares. The Goldman Sachs Group upped their price objective on Teradyne from $130.00 to $148.00 and gave the stock a “sell” rating in a report on Thursday, October 30th. Citigroup upped their price objective on shares of Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their target price on Teradyne from $119.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 28th. Finally, Bank of America upgraded shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.25.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total value of $199,661.60. Following the transaction, the chief executive officer directly owned 94,517 shares of the company’s stock, valued at $17,031,963.40. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 3,324 shares of company stock worth $494,318 in the last ninety days. 0.16% of the stock is owned by company insiders.

Teradyne Price Performance

Teradyne stock opened at $165.97 on Tuesday. The business has a 50 day moving average of $151.10 and a 200-day moving average of $115.86. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $191.56. The company has a market capitalization of $25.99 billion, a P/E ratio of 60.35, a P/E/G ratio of 3.64 and a beta of 1.90.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. The firm had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. Equities analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Teradyne’s dividend payout ratio is presently 17.45%.

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.