Banque Cantonale Vaudoise increases stake position in Teradyne, Inc. (NASDAQ:TER)

Banque Cantonale Vaudoise raised its stake in Teradyne, Inc. (NASDAQ:TER – Free Report) by 507.3% during the second quarter, Holdings Channel.com reports. The firm owned 2,745 shares of the company’s stock after acquiring an additional 2,293 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Teradyne were worth $407,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Teradyne in the fourth quarter valued at approximately $188,873,000. Boston Partners boosted its holdings in Teradyne by 23.2% in the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock valued at $314,324,000 after acquiring an additional 544,482 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Teradyne by 10.4% in the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after acquiring an additional 453,926 shares during the last quarter. KBC Group NV boosted its holdings in Teradyne by 1,544.3% in the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock valued at $51,354,000 after acquiring an additional 444,442 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Teradyne by 198.8% in the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after acquiring an additional 426,900 shares during the last quarter. 99.77% of shares are currently held by hedge funds and other institutional investors.

Analyst upgrades and downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Stifel Nicolaus boosted their price objective on Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price on the stock. in a research note on Friday, July 26th. Finally, KeyCorp upped their target price on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Teradyne presently has a consensus rating of “Hold” and a consensus price target of $141.50, based on data from MarketBeat.com.

Read our latest analysis on TER

Teradyne trading rose 2.1%

Shares of Teradyne stock opened at $136.73 on Tuesday. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21. The stock’s fifty-day simple moving average is $138.41, and its 200-day simple moving average is $126.03. The firm has a market cap of $22.31 billion, a P/E ratio of 51.99, a P/E/G ratio of 2.80 and a beta of 1.49.

Teradyne (NASDAQ:TER – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. In the same quarter last year, the company earned $0.79 per share. The company’s revenue increased by 6.6% year-on-year. Sell-side analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.12 per share. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, September 5. Teradyne’s dividend payout ratio is currently 18.25%.

Insider Trading at Teradyne

In related news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s shares.

About Teradyne

(Free report)

Teradyne, Inc designs, develops, manufactures and sells automated test systems and robotic products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics and Wireless Test. The Semiconductor Test segment provides products and services for board level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphone, cloud, computer gaming and electronics and other applications.

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