Axa S.A. Sells 427,676 Shares of Teradyne, Inc. $TER

Axa S.A. decreased its position in Teradyne, Inc. (NASDAQ:TER) by 47.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 475,351 shares of the company’s stock after selling 427,676 shares during the period. Axa S.A. owned 0.30% of Teradyne worth $42,744,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Teradyne by 3.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock worth $24,908,000 after acquiring an additional 9,094 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Teradyne by 73.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after purchasing an additional 1,939 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Teradyne by 17.3% in 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 buying an additional 21,219 shares in the last quarter. QRG Capital Management Inc. increased its position in Teradyne by 231.5% during the 2nd quarter. QRG Capital Management Inc. now owns 106,567 shares of the company’s stock worth $9,583,000 after buying an additional 74,417 shares during the period. Finally, Machina Capital S.A.S. increased its position in Teradyne by 96.3% during the 2nd quarter. Machina Capital S.A.S. now owns 5,425 shares of the company’s stock worth $488,000 after buying an additional 2,661 shares during the period. 99.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total transaction of $199,661.60. Following the sale, the chief executive officer owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 3,324 shares of company stock valued at $494,318. Company insiders own 0.16% of the company’s stock.

Teradyne Price Performance

NASDAQ TER opened at $199.97 on Wednesday. The business has a fifty day moving average price of $164.40 and a two-hundred day moving average price of $124.18. The stock has a market capitalization of $31.32 billion, a PE ratio of 72.72, a PEG ratio of 2.12 and a beta of 1.85. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $205.00.

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

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is 17.45%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Robert W. Baird set a $195.00 price objective on shares of Teradyne in a report on Friday, October 31st. The Goldman Sachs Group boosted their price target on Teradyne from $130.00 to $148.00 and gave the company a “sell” rating in a research note on Thursday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price target on shares of Teradyne in a research report on Wednesday, October 29th. Citigroup lifted their price objective on Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Finally, Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $176.88.

Teradyne 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.