American Century Companies Inc. Sells 109,047 Shares of Teradyne, Inc. $TER

American Century Companies Inc. decreased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,481,787 shares of the company’s stock after selling 109,047 shares during the period. American Century Companies Inc. owned 0.95% of Teradyne worth $203,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of Nova Scotia raised its stake in shares of Teradyne by 546.5% in the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock valued at $8,835,000 after buying an additional 83,055 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Teradyne by 9.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock valued at $12,542,000 after acquiring an additional 7,648 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Teradyne by 291.6% in the second quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock valued at $2,247,000 after acquiring an additional 18,612 shares during the period. Teacher Retirement System of Texas raised its position in Teradyne by 61.0% in the third quarter. Teacher Retirement System of Texas now owns 39,513 shares of the company’s stock worth $5,439,000 after purchasing an additional 14,969 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in Teradyne in the third quarter worth about $895,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Down 3.8%

Shares of NASDAQ:TER opened at $320.03 on Friday. The firm has a market cap of $50.10 billion, a P/E ratio of 91.96, a P/E/G ratio of 1.98 and a beta of 1.83. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $344.92. The company’s 50-day moving average price is $254.69 and its two-hundred day moving average price is $186.68.

Teradyne (NASDAQ:TER) last announced its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $970.44 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up 43.9% on a year-over-year basis. As a group, equities analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.1%. Teradyne’s dividend payout ratio is currently 14.94%.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TER. UBS Group lifted their price objective on Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a report on Monday, January 26th. Morgan Stanley set a $306.00 price target on Teradyne in a research note on Wednesday, February 11th. Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. TD Cowen reissued a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Finally, Citigroup boosted their target price on shares of Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $256.24.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.