Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 4,300 Shares of Teradyne, Inc. $TER

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,350 shares of the company’s stock after selling 4,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Teradyne were worth $5,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hemington Wealth Management lifted its position in Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Teradyne by 5.8% in the third quarter. Versant Capital Management Inc now owns 1,494 shares of the company’s stock worth $206,000 after buying an additional 82 shares during the period. LS Investment Advisors LLC lifted its position in shares of Teradyne by 2.3% during the 3rd quarter. LS Investment Advisors LLC now owns 3,945 shares of the company’s stock valued at $543,000 after buying an additional 89 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of Teradyne by 4.3% during the 2nd quarter. Fulton Bank N.A. now owns 2,722 shares of the company’s stock valued at $245,000 after buying an additional 113 shares in the last quarter. Finally, Manchester Capital Management LLC grew its stake in shares of Teradyne by 29.4% during the 2nd quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock valued at $53,000 after acquiring an additional 133 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $228.15 on Friday. The company has a market cap of $35.73 billion, a P/E ratio of 82.96, a P/E/G ratio of 1.65 and a beta of 1.84. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $238.92. The firm’s fifty day moving average is $194.38 and its two-hundred day moving average is $147.65.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm had revenue of $769.21 million during the quarter, compared to analyst estimates of $744.20 million. During the same quarter last year, the business posted $0.90 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Teradyne’s payout ratio is presently 17.45%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TER. Citigroup lifted their price target on shares of Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Industrial Alliance Securities set a $175.00 price objective on shares of Teradyne in a research report on Tuesday, October 28th. Morgan Stanley upped their target price on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. The Goldman Sachs Group raised Teradyne from a “sell” rating to a “buy” rating and raised their price target for the company from $148.00 to $230.00 in a report on Monday, December 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a research report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $200.44.

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.