Securian Asset Management Inc. Sells 109 Shares of Teradyne, Inc. (NASDAQ:TER)

Securian Asset Management Inc. lessened its position in shares of Teradyne, Inc. (NASDAQ:TER) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,843 shares of the company’s stock after selling 109 shares during the period. Securian Asset Management Inc.’s holdings in Teradyne were worth $1,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Bfsg LLC acquired a new position in Teradyne during the first quarter worth approximately $34,000. American National Bank acquired a new position in Teradyne in the 4th quarter valued at about $37,000. Cambridge Trust Co. acquired a new stake in Teradyne during the 4th quarter worth approximately $38,000. Versant Capital Management Inc increased its position in Teradyne by 3,800.0% during the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after buying an additional 342 shares during the period. Finally, Mather Group LLC. bought a new position in shares of Teradyne in the first quarter worth $53,000. Institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

TER has been the topic of a number of analyst reports. UBS Group increased their price objective on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Robert W. Baird lifted their price objective on shares of Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. The Goldman Sachs Group raised their target price on Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Evercore ISI cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, KeyCorp raised their target price on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $142.93.

Insider Activity

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the sale, the director now owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Richard John Burns sold 5,005 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the sale, the insider now directly owns 21,780 shares of the company’s stock, valued at $2,997,799.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the transaction, the director now directly owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,255 shares of company stock worth $859,269. 0.36% of the stock is currently owned by insiders.

Teradyne Stock Up 0.3 %

TER traded up $0.34 on Monday, hitting $122.06. The company’s stock had a trading volume of 416,582 shares, compared to its average volume of 2,080,901. The company’s 50 day simple moving average is $142.69 and its 200-day simple moving average is $122.48. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The firm has a market cap of $19.06 billion, a P/E ratio of 46.28, a price-to-earnings-growth ratio of 2.43 and a beta of 1.50.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. The business had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. During the same period in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

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.