Skandinaviska Enskilda Banken AB publ Has $7.55 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 98.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,623 shares of the company’s stock after buying an additional 29,587 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Teradyne were worth $7,552,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TER. Compass Financial Services Inc purchased a new stake in shares of Teradyne in the fourth quarter valued at about $33,000. Manchester Capital Management LLC raised its holdings in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares during the last quarter. Coastline Trust Co purchased a new stake in shares of Teradyne in the third quarter valued at about $46,000. Brooklyn Investment Group purchased a new stake in shares of Teradyne in the third quarter valued at about $52,000. Finally, Quarry LP raised its holdings in shares of Teradyne by 91.9% in the third quarter. Quarry LP now owns 451 shares of the company’s stock valued at $60,000 after purchasing an additional 216 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TER. Robert W. Baird reduced their price target on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday. Susquehanna reduced their price target on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research report on Wednesday. Northland Securities reduced their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. KeyCorp reduced their price target on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Vertical Research began coverage on shares of Teradyne in a research report on Friday, March 7th. They set a “buy” rating and a $135.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.44.

Insider Activity at Teradyne

In related news, VP Ryan Driscoll sold 437 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the sale, the vice president now directly owns 4,312 shares of the company’s stock, valued at $439,824. This trade represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 over the last three months. 0.36% of the stock is owned by corporate insiders.

Teradyne Trading Up 1.7 %

TER stock opened at $86.74 on Friday. The firm has a 50 day moving average of $117.60 and a 200-day moving average of $120.28. Teradyne, Inc. has a 12 month low of $82.98 and a 12 month high of $163.21. The firm has a market capitalization of $14.03 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Sell-side analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

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.