Teradyne, Inc. $TER Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 45.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 171,309 shares of the company’s stock after selling 142,360 shares during the quarter. Sei Investments Co.’s holdings in Teradyne were worth $50,787,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Lido Advisors LLC increased its holdings in shares of Teradyne by 15.1% in the first quarter. Lido Advisors LLC now owns 30,512 shares of the company’s stock valued at $9,046,000 after buying an additional 3,992 shares in the last quarter. State of Wyoming bought a new stake in shares of Teradyne during the 1st quarter worth $256,000. CI Investments Inc. bought a new stake in shares of Teradyne during the 1st quarter worth $200,000. Temasek Holdings Private Ltd acquired a new position in shares of Teradyne in the 1st quarter worth $26,530,000. Finally, Bellwether Advisors LLC acquired a new position in shares of Teradyne in the 1st quarter worth $1,660,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

TER has been the subject of several analyst reports. UBS Group upped their target price on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday, July 20th. Evercore set a $370.00 price target on Teradyne in a research note on Thursday, April 30th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Robert W. Baird boosted their price objective on Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Finally, Cantor Fitzgerald upped their price objective on shares of Teradyne from $400.00 to $550.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average price target of $394.53.

Teradyne Stock Down 6.4%

Shares of NASDAQ:TER opened at $349.92 on Friday. The company’s fifty day moving average is $382.42 and its two-hundred day moving average is $332.85. Teradyne, Inc. has a 12-month low of $89.18 and a 12-month high of $487.91. The company has a market cap of $54.78 billion, a P/E ratio of 64.80, a price-to-earnings-growth ratio of 1.01 and a beta of 1.74.

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

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is currently 9.63%.

Insider Buying and Selling

In other Teradyne news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the sale, the vice president directly owned 7,665 shares in the company, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of Teradyne stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the transaction, the insider directly owned 15,722 shares in the company, valued at approximately $5,581,310. This trade represents a 4.01% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders sold 14,941 shares of company stock valued at $5,444,112. Corporate insiders own 0.19% of the company’s stock.

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.