Renaissance Technologies LLC Takes $7.59 Million Position in Teradyne, Inc. (NASDAQ:TER)

Renaissance Technologies LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 60,251 shares of the company's stock, valued at approximately $7,587,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock valued at $2,569,511,000 after acquiring an additional 92,428 shares during the period. Van ECK Associates Corp lifted its position in Teradyne by 59.9% during 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 period. Geode Capital Management LLC grew its position in shares of Teradyne by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock worth $515,665,000 after buying an additional 94,374 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock worth $355,837,000 after acquiring an additional 393,175 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Teradyne by 4.0% during the fourth quarter. Invesco Ltd. now owns 2,403,193 shares of the company's stock worth $302,610,000 after acquiring an additional 92,195 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Teradyne Stock Up 4.5 %

TER stock traded up $3.31 during trading on Thursday, hitting $76.49. 786,336 shares of the company's stock traded hands, compared to its average volume of 2,565,843. The firm has a market capitalization of $12.30 billion, a P/E ratio of 22.98, a PEG ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The business has a fifty day simple moving average of $89.75 and a two-hundred day simple moving average of $109.78.

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

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Friday, February 14th. Teradyne's payout ratio is 14.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TER. Stifel Nicolaus lowered their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Robert W. Baird reduced their target price on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. UBS Group set a $130.00 price objective on Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. Finally, Northland Securities lowered their target price on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $118.94.

Insider Buying and Selling

In related news, insider Richard John Burns sold 407 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the sale, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the transaction, the chief financial officer now directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,399 shares of company stock worth $612,734. 0.16% of the stock is owned by company insiders.

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.