2,152,076 Shares in Teradyne, Inc. (NASDAQ:TER) Bought by Norges Bank

Norges Bank purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,152,076 shares of the company's stock, valued at approximately $270,989,000. Norges Bank owned about 1.32% of Teradyne as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock valued at $2,569,511,000 after acquiring an additional 92,428 shares during the period. State Street Corp increased its holdings 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. Van ECK Associates Corp raised 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 during the last quarter. Geode Capital Management LLC raised its position in Teradyne by 5.5% in 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 last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after purchasing an additional 393,175 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction that occurred 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 directly owns 20,764 shares in the company, 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. Insiders have sold 8,479 shares of company stock valued at $1,013,134 over the last ninety days. 0.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TER. Cantor Fitzgerald decreased their price target on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Susquehanna dropped their price target on shares of Teradyne from $165.00 to $155.00 and set a "positive" rating on the stock in a research note on Wednesday, March 12th. Northland Securities reduced their price objective on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Vertical Research began coverage on shares of Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their price target on Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Teradyne presently has an average rating of "Moderate Buy" and an average target price of $121.44.

Teradyne Stock Up 0.0 %

Teradyne stock traded up $0.01 during trading hours on Tuesday, hitting $82.61. The stock had a trading volume of 3,045,835 shares, compared to its average volume of 2,397,113. The stock's 50-day moving average price is $106.79 and its 200-day moving average price is $117.01. Teradyne, Inc. has a 12-month low of $79.60 and a 12-month high of $163.21. The stock has a market capitalization of $13.36 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. On average, research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.58%. Teradyne's dividend payout ratio (DPR) is currently 14.41%.

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.