Axa S.A. Has $42.74 Million Stock Position in Teradyne, Inc. $TER

Axa S.A. decreased its position in Teradyne, Inc. (NASDAQ:TER) by 47.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,351 shares of the company’s stock after selling 427,676 shares during the quarter. Axa S.A.’s holdings in Teradyne were worth $42,744,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in Teradyne in the second quarter worth about $152,854,000. Federated Hermes Inc. raised its stake in shares of Teradyne by 79.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after purchasing an additional 1,679,215 shares during the period. AQR Capital Management LLC grew its stake in Teradyne by 1,612.4% during the first quarter. AQR Capital Management LLC now owns 1,404,752 shares of the company’s stock valued at $113,251,000 after acquiring an additional 1,322,716 shares in the last quarter. Amundi raised its position in shares of Teradyne by 255.3% in the second quarter. Amundi now owns 1,812,001 shares of the company’s stock worth $170,654,000 after buying an additional 1,302,025 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Teradyne by 224.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,851,684 shares of the company’s stock valued at $152,949,000 after acquiring an additional 1,280,120 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TER has been the topic of several recent research reports. Morgan Stanley increased their target price on shares of Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Susquehanna reiterated a “positive” rating and set a $215.00 target price on shares of Teradyne in a report on Thursday, October 30th. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 target price on shares of Teradyne in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $225.00 price target on shares of Teradyne and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $176.88.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total value of $199,661.60. Following the sale, the chief executive officer owned 94,517 shares in the company, valued at approximately $17,031,963.40. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 3,324 shares of company stock worth $494,318. 0.16% of the stock is currently owned by corporate insiders.

Teradyne Stock Down 1.5%

Shares of TER opened at $199.97 on Wednesday. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $205.00. The company has a market capitalization of $31.32 billion, a P/E ratio of 72.72, a price-to-earnings-growth ratio of 2.12 and a beta of 1.85. The firm has a 50 day moving average of $164.40 and a 200 day moving average of $124.18.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The business had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. During the same period last year, the business posted $0.90 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th will be given 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 yield of 0.2%. Teradyne’s payout ratio is 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.