Allstate Corp Invests $596,000 in Teradyne, Inc. (NASDAQ:TER)

Allstate Corp acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,733 shares of the company's stock, valued at approximately $596,000.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Teradyne by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock worth $2,569,511,000 after purchasing an additional 92,428 shares during the period. State Street Corp raised its position in Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock worth $921,458,000 after buying an additional 350,002 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Teradyne by 5.5% in the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company's stock valued at $535,484,000 after acquiring an additional 209,868 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Teradyne by 16.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after acquiring an additional 393,175 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

TER has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Vertical Research started coverage on Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 price target for the company. Citigroup decreased their price target on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird cut their price objective on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Finally, Northland Securities reduced their target price on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Teradyne has a consensus rating of "Moderate Buy" and a consensus price target of $121.44.

Teradyne Trading Down 10.2 %

Shares of TER stock traded down $8.53 during trading hours on Thursday, hitting $75.09. The company's stock had a trading volume of 5,071,812 shares, compared to its average volume of 2,417,330. Teradyne, Inc. has a twelve month low of $74.39 and a twelve month high of $163.21. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 2.83 and a beta of 1.46. The business has a fifty day moving average of $103.64 and a 200-day moving average of $116.15.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported $0.95 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%. On average, equities analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.64%. Teradyne's dividend payout ratio (DPR) is 14.41%.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 74,660 shares of the company's stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Burns sold 445 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the transaction, the insider now directly owns 25,191 shares of the company's stock, valued at approximately $2,808,544.59. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

About Teradyne

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.