Maj Invest Holding A S Reduces Stake in Teradyne, Inc.

Maj Invest Holding A S has decided to reduce its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 1.4% during the third quarter. This information comes from the latest 13F filing made with the SEC. After selling 4,870 shares during this period, Maj Invest Holding A S now holds 348,532 shares of Teradyne. The investment in Teradyne accounts for approximately 1.2% of Maj Invest Holding A S's overall portfolio, positioning Teradyne as the fund's 24th largest investment. At the end of the reporting period, the total value of Maj Invest Holding A S's holdings in Teradyne was $46,681,000.

Other Institutional Movements

Several other institutional investors and hedge funds have also made adjustments to their positions in Teradyne. For instance, LVW Advisors LLC increased its holdings by 11.5% during the third quarter, acquiring an additional 782 shares to reach a total of 7,554 shares valued at approximately $1,012,000. Similarly, Wedmont Private Capital raised its stake by 10.2%, now holding 3,174 shares worth around $411,000 after purchasing 294 additional shares. CWM LLC experienced a substantial increase of 33.9% in its holdings, now owning 4,848 shares valued at $649,000. C2P Capital Advisory Group LLC and Tealwood Asset Management Inc. also entered new positions in Teradyne during this quarter, valued at $209,000 and $1,252,000 respectively. Currently, institutional investors own 99.77% of Teradyne’s stock.

Insider Transactions

In related news, Teradyne's Director, Mercedes Johnson, sold 625 shares on October 1st, resulting in a transaction valued at $83,000 at an average price of $132.80 per share. Johnson now holds 15,893 shares valued at approximately $2,110,590.40, reflecting no change in ownership percentage. Another insider, Richard John Burns, also sold shares on the same day, offloading 789 shares for a total of $104,779.20. Burns now owns 21,864 shares valued at $2,903,539.20. In total, insiders sold 14,977 shares of the company's stock worth around $1,979,834 over the past quarter. Insiders currently hold about 0.36% of Teradyne’s shares.

Analyst Outlook

Recent analyst reviews have provided varied insights on Teradyne. Northland Securities lowered their price target from $136.00 to $126.00, recommending a "market perform" rating. Meanwhile, Evercore ISI raised its target from $130.00 to $145.00 with an "overweight" rating. StockNews.com changed its view on Teradyne from "hold" to "sell." Stifel Nicolaus also increased its target from $100.00 to $150.00 while maintaining a "hold" rating, and KeyCorp lifted its target from $160.00 to $180.00, rating it as "overweight." There are currently two analysts rating Teradyne as a sell, six as a hold, and eight as a buy. According to MarketBeat.com, the average consensus rating for Teradyne is "Hold" with a target price of $142.57.

Current Market Performance

As of the latest trading session, Teradyne's stock opened at $131.91. Over the past year, the shares have reached a low of $81.07 and a high of $163.21. The company's 50-day moving average price is $129.28, while its 200-day moving average price stands at $130.75. With a market capitalization of $21.53 billion, Teradyne has a PE ratio of 43.39 and a price-to-earnings-growth ratio of 2.67.

Financial Results and Dividends

Teradyne released its quarterly earnings report on July 24th, posting earnings of $0.86 per share, surpassing analyst estimates of $0.77 by $0.09. The company generated revenue of $729.88 million, exceeding expected revenues of $701.20 million. Year-over-year, revenue increased by 6.6%. Additionally, Teradyne announced a quarterly dividend of $0.12, distributed on September 27th, with a yield of 0.36% based on an annualized dividend of $0.48. The company's dividend payout ratio stands at 15.79%.

About Teradyne

Teradyne, Inc. is engaged in designing, developing, manufacturing, and selling automated test systems and robotic products globally. The company operates in four main segments: Semiconductor Test, System Test, Robotics, and Wireless Test. In the Semiconductor Test segment, Teradyne offers a range of products and services aimed at testing semiconductor devices across various sectors, including automotive, industrial, communications, and consumer electronics.

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