The Manufacturers Life Insurance Company Sells 3,495 Shares of Teradyne, Inc. $TER

The Manufacturers Life Insurance Company decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 3.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 86,726 shares of the company’s stock after selling 3,495 shares during the period. The Manufacturers Life Insurance Company’s holdings in Teradyne were worth $41,962,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. California State Teachers Retirement System boosted its stake in shares of Teradyne by 46,425.7% during the second quarter. California State Teachers Retirement System now owns 115,598,569 shares of the company’s stock valued at $55,931,212,000 after purchasing an additional 115,350,107 shares in the last quarter. BlackRock Inc. bought a new position in Teradyne in the second quarter worth approximately $9,404,408,000. Andar Capital Management HK Ltd purchased a new stake in Teradyne during the second quarter worth $37,800,000. Norges Bank bought a new stake in Teradyne during the 4th quarter valued at $398,777,000. Finally, Wellington Management Group LLP boosted its position in Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after acquiring an additional 2,022,389 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $379.72 on Friday. The business’s 50-day moving average is $365.59 and its 200 day moving average is $360.05. Teradyne, Inc. has a 1 year low of $109.56 and a 1 year high of $487.91. The firm has a market capitalization of $59.37 billion, a P/E ratio of 52.09, a P/E/G ratio of 0.75 and a beta of 1.78.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.57 earnings per share. The company’s quarterly revenue was up 103.9% on a year-over-year basis. On average, analysts expect that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio is presently 7.13%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group boosted their price target on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Weiss Ratings lowered Teradyne from a “buy (b)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Wall Street Zen lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Saturday. Susquehanna increased their price target on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Finally, Morgan Stanley lifted their price objective on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Insider Activity

In other news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief executive officer directly owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

Teradyne Profile

Teradyne, Inc (NASDAQ: TER) develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company’s semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.