Ensign Peak Advisors Inc Has $33.51 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

Ensign Peak Advisors Inc decreased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 225,964 shares of the company’s stock after selling 12,785 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Teradyne were worth $33,508,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of TER. Robeco Institutional Asset Management B.V. boosted its position in shares of Teradyne by 78.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 85,226 shares of the company’s stock valued at $86,000 after acquiring an additional 37,526 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Teradyne by 3.7% in the 4th quarter. Franklin Resources Inc. now owns 44,303 shares of the company’s stock worth $4,808,000 after purchasing an additional 1,592 shares during the last quarter. US Bancorp DE increased its position in shares of Teradyne by 8.2% during the 4th quarter. US Bancorp DE now owns 37,684 shares of the company’s stock worth $4,090,000 after purchasing an additional 2,862 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Teradyne by 12.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 75,492 shares of the company’s stock valued at $8,192,000 after purchasing an additional 8,628 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Teradyne by 48.9% during the fourth quarter. Intech Investment Management LLC now owns 47,925 shares of the company’s stock valued at $5,201,000 after purchasing an additional 15,729 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

NASDAQ TER opened at $128.95 on Monday. The stock’s 50 day moving average price is $131.76 and its two-hundred day moving average price is $128.36. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 49.03, a PEG ratio of 2.62 and a beta of 1.49. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21.

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

Teradyne Dividend Announcement

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 paid a $0.12 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Insider Activity

In other news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the sale, the director now owns 16,518 shares in the company, valued at approximately $2,204,987.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The disclosure for this sale can be found here. Insiders sold a total of 10,483 shares of company stock valued at $1,383,031 over the last three months. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TER shares. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research note on Friday, August 16th. Northland Capmk lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Evercore ISI downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. KeyCorp lifted their price target on shares of Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Finally, UBS Group increased their price target on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $141.50.

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.