APG Asset Management N.V. Raises Holdings in Teradyne, Inc. (NASDAQ:TER)

APG Asset Management N.V. raised its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 816.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 95,481 shares of the company's stock after purchasing an additional 85,065 shares during the period. APG Asset Management N.V. owned approximately 0.06% of Teradyne worth $11,611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TER. Norges Bank bought a new position in shares of Teradyne during the 4th quarter valued at $270,989,000. Van ECK Associates Corp increased its holdings 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 purchasing an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Teradyne during the fourth quarter valued at $160,087,000. Assenagon Asset Management S.A. lifted its position in Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock valued at $116,233,000 after purchasing an additional 873,626 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in Teradyne by 38.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,873,936 shares of the company's stock valued at $235,966,000 after buying an additional 523,296 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Down 2.8 %

Teradyne stock traded down $2.06 during midday trading on Wednesday, reaching $72.00. The company's stock had a trading volume of 871,948 shares, compared to its average volume of 2,535,545. The company has a market cap of $11.58 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The business has a 50-day simple moving average of $94.75 and a 200-day simple moving average of $112.11.

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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 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%. As a group, equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.67%. Teradyne's dividend payout ratio is presently 14.41%.

Insider Activity at Teradyne

In other news, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the sale, the insider now directly owns 20,764 shares of the company's stock, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,399 shares of company stock valued at $612,734. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on TER shares. Susquehanna decreased their price target on shares of Teradyne from $165.00 to $155.00 and set a "positive" rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald dropped their price objective on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Northland Securities decreased their target price on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Vertical Research initiated coverage on Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on Teradyne from $112.00 to $81.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $121.44.

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.