SEB Asset Management AB Buys Shares of 66,727 Teradyne, Inc. $TER

SEB Asset Management AB purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 66,727 shares of the company’s stock, valued at approximately $19,782,000.

Several other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC lifted its position in Teradyne by 149.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $42,000 after purchasing an additional 85 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Teradyne during the 4th quarter valued at about $28,000. SJS Investment Consulting Inc. boosted its stake in Teradyne by 192.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 164 shares of the company’s stock valued at $49,000 after purchasing an additional 108 shares during the period. Ascentis Independent Advisors bought a new position in Teradyne in the 1st quarter worth about $56,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne in the 4th quarter worth about $37,000. Institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the topic of a number of recent analyst reports. Evercore set a $370.00 price target on Teradyne in a report on Thursday, April 30th. Citigroup increased their price objective on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus raised their target price on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Bank of America lifted their target price on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, The Goldman Sachs Group lifted their target price on Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $390.53.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $322.36 on Monday. The company has a 50 day moving average of $382.06 and a 200-day moving average of $328.08. The firm has a market cap of $50.46 billion, a P/E ratio of 59.70, a P/E/G ratio of 0.93 and a beta of 1.74. Teradyne, Inc. has a twelve month low of $89.18 and a twelve month high of $487.91.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue for the quarter was up 87.0% on a year-over-year basis. Equities research analysts forecast that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, May 21st. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is 9.63%.

Insider Buying and Selling at Teradyne

In other news, insider Shannon John Poulin sold 1,008 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the sale, the insider owned 15,066 shares in the company, valued at $5,203,344.42. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares of the company’s stock, valued at $2,894,304. This represents a 8.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 14,941 shares of company stock valued at $5,444,112. 0.19% of the stock is owned by corporate insiders.

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.