KLP Kapitalforvaltning AS Buys Shares of 53,500 Teradyne, Inc. (NASDAQ:TER)

KLP Kapitalforvaltning AS purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, Holdings Channel.com reports. The fund purchased 53,500 shares of the company’s stock, valued at approximately $6,737,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after purchasing an additional 104 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Teradyne by 3.9% in the third quarter. Pathstone Holdings LLC now owns 19,878 shares of the company’s stock valued at $2,662,000 after purchasing an additional 743 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Teradyne by 22.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 19,000 shares of the company’s stock valued at $2,545,000 after buying an additional 3,458 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Teradyne in the 3rd quarter worth approximately $2,221,000. Finally, Advisors Asset Management Inc. grew its stake in Teradyne by 32.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,753 shares of the company’s stock valued at $369,000 after buying an additional 676 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Insider Activity

In other news, 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 value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the sale, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TER. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Morgan Stanley dropped their price objective on Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Vertical Research initiated coverage on Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 target price for the company. Citigroup lowered their price target on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Finally, UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Teradyne Trading Down 1.2 %

Shares of Teradyne stock opened at $89.95 on Wednesday. The business’s 50-day moving average price is $110.99 and its 200-day moving average price is $118.21. The firm has a market capitalization of $14.55 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 12 month low of $82.98 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.53%. Teradyne’s payout ratio is 14.41%.

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.