Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,023 shares of the company's stock after acquiring an additional 4,930 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Teradyne were worth $8,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TER. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Teradyne during the 3rd quarter worth approximately $2,221,000. Van ECK Associates Corp increased its stake in shares of Teradyne by 59.9% in the fourth 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. Cerity Partners LLC raised its position in shares of Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company's stock valued at $1,523,000 after purchasing an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock valued at $10,325,000 after buying an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock valued at $11,878,000 after buying an additional 20,762 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

TER has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Teradyne from $158.00 to $145.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald reissued an "overweight" rating and set a $160.00 target price on shares of Teradyne in a research note on Thursday, January 30th. Northland Securities dropped their price target on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. Finally, KeyCorp lowered their target price 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $143.77.

Teradyne Price Performance

Shares of NASDAQ:TER traded down $2.64 during trading on Friday, reaching $115.91. 2,493,646 shares of the company were exchanged, compared to its average volume of 2,621,018. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21. The business's fifty day simple moving average is $124.99 and its 200-day simple moving average is $122.96. The firm has a market capitalization of $18.88 billion, a PE ratio of 34.81, a P/E/G ratio of 2.74 and a beta of 1.45.

Teradyne (NASDAQ:TER - Get Free Report) last issued 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%. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.41%. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Teradyne declared that its board has initiated a stock buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 614 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the transaction, the chief financial officer now directly owns 30,446 shares in the company, valued at $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is 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.