VELA Investment Management LLC Cuts Position in Teradyne, Inc. (NASDAQ:TER)

VELA Investment Management LLC lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 25.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,669 shares of the company’s stock after selling 4,351 shares during the period. VELA Investment Management LLC’s holdings in Teradyne were worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TER. Rothschild Investment LLC acquired a new stake in Teradyne in the second quarter valued at $33,000. Bfsg LLC acquired a new position in shares of Teradyne during the 1st quarter worth $34,000. American National Bank purchased a new stake in shares of Teradyne in the 4th quarter worth about $37,000. Tortoise Investment Management LLC grew its stake in Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Teradyne by 3,800.0% during the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after acquiring an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,403 shares of company stock worth $982,631. 0.36% of the stock is owned by insiders.

Teradyne Price Performance

NASDAQ TER opened at $126.10 on Friday. The company has a market cap of $20.58 billion, a P/E ratio of 47.95, a P/E/G ratio of 2.80 and a beta of 1.49. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The company has a 50-day moving average of $137.12 and a 200-day moving average of $126.19.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. Teradyne’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 earnings per share. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Thursday, September 5th. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TER. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target on the stock. in a report on Friday, July 26th. The Goldman Sachs Group upped their target price on Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. JPMorgan Chase & Co. raised their price target on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Evercore ISI cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, UBS Group increased their price objective on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.50.

Teradyne Company 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.