Allianz Asset Management GmbH Purchases 8,073 Shares of Teradyne, Inc. (NASDAQ:TER)

Allianz Asset Management GmbH grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 323,486 shares of the company's stock after buying an additional 8,073 shares during the period. Allianz Asset Management GmbH owned 0.20% of Teradyne worth $40,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ING Groep NV grew its stake in shares of Teradyne by 197.4% in the 4th quarter. ING Groep NV now owns 170,801 shares of the company's stock worth $21,507,000 after buying an additional 113,378 shares during the last quarter. Private Wealth Partners LLC purchased a new stake in shares of Teradyne in the fourth quarter worth $233,000. Alberta Investment Management Corp bought a new position in shares of Teradyne during the fourth quarter valued at $1,435,000. TimesSquare Capital Management LLC increased its holdings in shares of Teradyne by 9.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 708,350 shares of the company's stock valued at $89,195,000 after acquiring an additional 61,337 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its position in shares of Teradyne by 1.8% in the 4th quarter. Peregrine Capital Management LLC now owns 79,006 shares of the company's stock worth $9,948,000 after purchasing an additional 1,411 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TER shares. Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. KeyCorp cut their price target on shares of Teradyne from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. UBS Group decreased their price objective on shares of Teradyne from $160.00 to $155.00 and set a "buy" rating for the company in a report on Friday, January 31st. Susquehanna increased 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, Cantor Fitzgerald restated an "overweight" rating and issued a $160.00 price target on shares of Teradyne in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $143.77.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the sale, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 in the last three months. Company insiders own 0.18% of the company's stock.

Teradyne Price Performance

Shares of NASDAQ:TER traded down $2.23 during trading on Tuesday, hitting $111.35. The company's stock had a trading volume of 2,292,461 shares, compared to its average volume of 2,601,563. Teradyne, Inc. has a 12 month low of $95.80 and a 12 month high of $163.21. The company has a 50-day moving average of $124.34 and a 200-day moving average of $122.91. The firm has a market cap of $18.01 billion, a price-to-earnings ratio of 33.44, a P/E/G ratio of 2.83 and a beta of 1.45.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Teradyne announced that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.