Skandinaviska Enskilda Banken AB publ Boosts Holdings in Teradyne, Inc. (NASDAQ:TER)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 98.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,623 shares of the company’s stock after acquiring an additional 29,587 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Teradyne were worth $7,552,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TER. Van ECK Associates Corp grew its holdings in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Teradyne in the fourth quarter worth approximately $160,087,000. Assenagon Asset Management S.A. grew its holdings in shares of Teradyne by 1,767.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after purchasing an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in shares of Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after purchasing an additional 749,003 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in shares of Teradyne in the third quarter worth approximately $91,129,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TER has been the topic of several recent analyst reports. Citigroup cut 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. Robert W. Baird cut their price target on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday. Cantor Fitzgerald cut their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday. Stifel Nicolaus cut their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, TD Cowen cut their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.44.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The transaction 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 company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by company insiders.

Teradyne Price Performance

TER opened at $86.74 on Friday. The stock has a 50-day moving average price of $117.60 and a 200-day moving average price of $120.28. The firm has a market cap of $14.03 billion, a PE ratio of 26.05, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 1 year low of $82.98 and a 1 year high of $163.21.

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

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.12 per share. The ex-dividend date 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 presently 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.