Stephens Investment Management Group LLC Decreases Stock Holdings in Teradyne, Inc. $TER

Stephens Investment Management Group LLC reduced its position in shares of Teradyne, Inc. (NASDAQ:TER) by 5.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 111,400 shares of the company’s stock after selling 6,060 shares during the quarter. Stephens Investment Management Group LLC owned about 0.07% of Teradyne worth $15,333,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TER. Ameriprise Financial Inc. lifted its position in Teradyne by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after purchasing an additional 143,058 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Teradyne by 79.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after buying an additional 1,679,215 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Teradyne by 11.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock valued at $490,134,000 after acquiring an additional 354,876 shares during the last quarter. Primecap Management Co. CA grew its position in Teradyne by 58.6% in the second quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock worth $274,036,000 after acquiring an additional 1,125,868 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Teradyne by 2.5% during the second quarter. Invesco Ltd. now owns 2,859,466 shares of the company’s stock worth $257,123,000 after acquiring an additional 68,568 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 0.2%

TER opened at $228.15 on Friday. The stock’s fifty day moving average is $194.38 and its two-hundred day moving average is $147.65. The company has a market capitalization of $35.73 billion, a P/E ratio of 82.96, a PEG ratio of 1.65 and a beta of 1.84. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $238.92.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 EPS. Equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were issued a $0.12 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s payout ratio is currently 17.45%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TER shares. UBS Group raised their price objective on Teradyne from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Industrial Alliance Securities set a $175.00 price target on Teradyne in a research report on Tuesday, October 28th. Morgan Stanley boosted their price objective on shares of Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Northland Securities set a $186.00 target price on shares of Teradyne in a research note on Thursday, October 30th. Finally, Evercore ISI lifted their price target on shares of Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.44.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.