DNB Asset Management AS Has $2.60 Million Stock Position in Teradyne, Inc. $TER

DNB Asset Management AS lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 7.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,908 shares of the company's stock after selling 2,380 shares during the quarter. DNB Asset Management AS's holdings in Teradyne were worth $2,599,000 at the end of the most recent reporting period.

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Other large investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC raised its stake in shares of Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock valued at $37,000 after purchasing an additional 140 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Teradyne by 189.9% in the 1st quarter. Brooklyn Investment Group now owns 461 shares of the company's stock worth $38,000 after acquiring an additional 302 shares in the last quarter. Steph & Co. bought a new stake in shares of Teradyne during the second quarter worth $43,000. Bayforest Capital Ltd lifted its position in Teradyne by 195.5% during the 2nd quarter. Bayforest Capital Ltd now owns 523 shares of the company's stock worth $47,000 after buying an additional 346 shares in the last quarter. Finally, Quaker Wealth Management LLC lifted its position in shares of Teradyne by 200.9% during the second quarter. Quaker Wealth Management LLC now owns 639 shares of the company's stock worth $57,000 after purchasing an additional 1,272 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald restated an "overweight" rating and set a $180.00 target price on shares of Teradyne in a research report on Wednesday, October 29th. Bank of America upgraded shares of Teradyne from an "underperform" rating to a "buy" rating and set a $205.00 target price on the stock in a report on Wednesday, October 29th. Wall Street Zen raised Teradyne from a "sell" rating to a "hold" rating in a research report on Monday, September 1st. Northland Securities set a $186.00 price objective on shares of Teradyne in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Teradyne in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.25.

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Read Our Latest Stock Analysis on TER

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total transaction of $199,661.60. Following the sale, the chief executive officer owned 94,517 shares of the company's stock, valued at $17,031,963.40. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 3,324 shares of company stock valued at $494,318 in the last three months. Insiders own 0.16% of the company's stock.

Teradyne Stock Performance

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NASDAQ TER opened at $165.97 on Tuesday. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $191.56. The stock has a market cap of $25.99 billion, a PE ratio of 60.35, a P/E/G ratio of 3.64 and a beta of 1.90. The firm has a 50-day moving average of $151.10 and a 200-day moving average of $115.86.

Teradyne (NASDAQ:TER - Get Free Report) last posted 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. The company had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. As a group, analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th will be issued 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 0.3%. Teradyne's payout ratio is currently 17.45%.

Teradyne Profile

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.

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