Assenagon Asset Management S.A. Increases Holdings in Teradyne, Inc. (NASDAQ:TER)

Assenagon Asset Management S.A. increased its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 1,767.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 923,068 shares of the company's stock after purchasing an additional 873,626 shares during the period. Assenagon Asset Management S.A. owned approximately 0.57% of Teradyne worth $116,233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company's stock valued at $921,458,000 after purchasing an additional 350,002 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Teradyne by 1.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company's stock valued at $682,597,000 after buying an additional 57,989 shares during the last quarter. Geode Capital Management LLC boosted its position in Teradyne by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company's stock valued at $535,484,000 after buying an additional 209,868 shares during the period. Van ECK Associates Corp grew its holdings in Teradyne by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company's stock worth $383,501,000 after acquiring an additional 183,721 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Teradyne by 18.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company's stock valued at $325,814,000 after acquiring an additional 374,522 shares during the period. Institutional investors own 99.77% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TER shares. Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. upgraded Teradyne from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Northland Securities raised Teradyne from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $117.00 to $154.00 in a research note on Monday, January 6th. Stifel Nicolaus dropped their price target on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Finally, Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $150.33.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the 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. This represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is owned by insiders.

Teradyne Trading Up 0.6 %

NASDAQ:TER traded up $0.75 during mid-day trading on Wednesday, reaching $134.93. The company's stock had a trading volume of 1,870,751 shares, compared to its average volume of 2,176,294. The stock has a market cap of $21.97 billion, a P/E ratio of 42.83, a PEG ratio of 2.66 and a beta of 1.46. The firm's fifty day moving average price is $119.67 and its two-hundred day moving average price is $127.22. Teradyne, Inc. has a 12-month low of $92.29 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same period in the previous year, the business posted $0.80 earnings per share. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. Analysts predict that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a $0.12 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.36%. Teradyne's dividend payout ratio (DPR) is 15.24%.

Teradyne announced that its Board of Directors has initiated a share buyback program on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors 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.