New England Research & Management Inc. Makes New $1.13 Million Investment in Teradyne, Inc. (NASDAQ:TER)

New England Research & Management Inc. bought a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,975 shares of the company's stock, valued at approximately $1,130,000.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock worth $116,233,000 after acquiring an additional 873,626 shares during the period. Alkeon Capital Management LLC boosted its position in shares of Teradyne by 189.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock worth $153,218,000 after acquiring an additional 749,003 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Teradyne in the 3rd quarter valued at $91,129,000. Sumitomo Mitsui Trust Group Inc. grew its position in 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 last quarter. Finally, State Street Corp increased 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 purchasing an additional 350,002 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard John Burns sold 407 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the transaction, the insider now owns 20,764 shares of the company's stock, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,383 shares of company stock worth $677,935. 0.36% of the stock is owned by company insiders.

Teradyne Price Performance

Shares of NASDAQ TER traded down $4.77 during midday trading on Thursday, reaching $117.28. The company's stock had a trading volume of 6,571,685 shares, compared to its average volume of 2,738,004. The stock has a market capitalization of $19.10 billion, a P/E ratio of 36.92, a PEG ratio of 2.25 and a beta of 1.46. The firm has a 50 day moving average price of $125.02 and a 200-day moving average price of $125.71. 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 quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. On average, equities analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne announced that its Board of Directors has initiated a share buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. Teradyne's dividend payout ratio is presently 15.24%.

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. Morgan Stanley downgraded Teradyne from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. Stifel Nicolaus decreased their price target on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a report on Friday, October 25th. StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Robert W. Baird cut their price target on Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Finally, Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.31.

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.