Choreo LLC Buys Shares of 3,300 Teradyne, Inc. (NASDAQ:TER)

Choreo LLC bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,300 shares of the company’s stock, valued at approximately $488,000.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Teradyne by 0.7% in the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after purchasing an additional 135,286 shares during the period. Van ECK Associates Corp increased its stake in shares of Teradyne by 10.4% in the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after purchasing an additional 453,926 shares during the period. Nordea Investment Management AB increased its stake in shares of Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after purchasing an additional 385,115 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Teradyne by 3.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock worth $246,210,000 after purchasing an additional 68,924 shares during the period. Finally, Norges Bank bought a new position in shares of Teradyne in the fourth quarter worth about $188,873,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

Shares of TER opened at $131.23 on Monday. The company has a market capitalization of $20.49 billion, a P/E ratio of 49.90, a PEG ratio of 2.63 and a beta of 1.49. Teradyne, Inc. has a one year low of $81.07 and a one year high of $163.21. The business’s 50 day simple moving average is $134.35 and its 200-day simple moving average is $127.64.

Teradyne (NASDAQ:TER) last announced its 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. 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 the consensus estimate of $701.20 million. During the same period in the previous year, the business earned $0.79 EPS. Teradyne’s revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, September 5th. Teradyne’s dividend payout ratio is 18.25%.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were 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 owns 35,834 shares in the company, valued at approximately $4,768,072.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction 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 owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,483 shares of company stock valued at $1,383,031. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TER shares. UBS Group boosted their price target on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. The Goldman Sachs Group boosted their price target on Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Citigroup lowered their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research note on Friday, August 16th. Finally, Evercore ISI lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.