10,703 Shares in Teradyne, Inc. (NASDAQ:TER) Bought by TCW Group Inc.

TCW Group Inc. acquired a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,703 shares of the company's stock, valued at approximately $1,348,000.

Several other hedge funds have also made changes to their positions in TER. Van ECK Associates Corp raised its stake in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after buying an additional 1,846,079 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Teradyne by 1,767.0% during the 4th 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 in the last quarter. Alkeon Capital Management LLC lifted its holdings in Teradyne by 189.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock worth $153,218,000 after buying an additional 749,003 shares during the last quarter. Holocene Advisors LP purchased a new stake in Teradyne during the 3rd quarter worth about $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Teradyne by 16.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock worth $355,837,000 after buying an additional 393,175 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on TER shares. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Northland Securities lowered their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Morgan Stanley downgraded Teradyne from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Susquehanna lifted their target price on Teradyne from $145.00 to $165.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Teradyne from $158.00 to $145.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $143.77.

Teradyne Stock Up 1.5 %

Teradyne stock traded up $1.72 during midday trading on Wednesday, hitting $113.07. 1,298,581 shares of the stock were exchanged, compared to its average volume of 2,562,529. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 52-week low of $95.80 and a 52-week high of $163.21. The business's 50-day moving average price is $124.34 and its 200-day moving average price is $122.91.

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

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne's payout ratio is 14.41%.

Teradyne declared that its Board of Directors has authorized a share buyback program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. The trade was a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,479 shares of company stock worth $1,013,134. Company insiders own 0.18% of the company's stock.

Teradyne 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.