DnB Asset Management AS Has $4.80 Million Position in Teradyne, Inc. (NASDAQ:TER)

DnB Asset Management AS raised its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 35.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,084 shares of the company's stock after buying an additional 10,030 shares during the quarter. DnB Asset Management AS's holdings in Teradyne were worth $4,796,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. denkapparat Operations GmbH purchased a new stake in Teradyne during the fourth quarter valued at about $256,000. Pictet Asset Management Holding SA boosted its stake 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 acquiring an additional 523,296 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Teradyne by 0.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 77,314 shares of the company's stock worth $9,735,000 after acquiring an additional 222 shares in the last quarter. Norges Bank bought a new stake in shares of Teradyne in the 4th quarter worth about $270,989,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Teradyne by 57.1% during the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 28,278 shares of the company's stock worth $3,561,000 after buying an additional 10,283 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

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

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TER shares. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. KeyCorp reduced their price objective on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Finally, Susquehanna reduced their target price on Teradyne from $165.00 to $155.00 and set a "positive" rating for the company in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and an average price target of $121.44.

Teradyne Trading Down 9.2 %

Shares of NASDAQ:TER traded down $7.72 during trading on Thursday, hitting $75.90. 1,859,881 shares of the company were exchanged, compared to its average volume of 3,024,867. Teradyne, Inc. has a fifty-two week low of $75.24 and a fifty-two week high of $163.21. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 2.83 and a beta of 1.46. The firm has a fifty day moving average price of $104.77 and a two-hundred day moving average price of $116.43.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping 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 predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared 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 of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.63%. Teradyne's dividend payout ratio is currently 14.41%.

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.