Resona Asset Management Co. Ltd. Purchases Shares of 47,311 Teradyne, Inc. (NASDAQ:TER)

Resona Asset Management Co. Ltd. acquired a new position in 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 fund acquired 47,311 shares of the company's stock, valued at approximately $5,975,000.

Other hedge funds also recently bought and sold shares of the company. Compass Financial Services Inc purchased a new position in shares of Teradyne in the fourth quarter worth $33,000. AllSquare Wealth Management LLC grew its position in shares of Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after purchasing an additional 227 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Teradyne in the fourth quarter worth about $45,000. Finally, Atala Financial Inc bought a new position in Teradyne during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TER. TD Cowen cut their target price on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Cantor Fitzgerald lowered their price objective on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Bank of America dropped their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Finally, UBS Group set a $130.00 target price on Teradyne and gave the stock a "buy" rating in a report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $121.44.

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Teradyne Trading Up 1.6 %

Shares of NASDAQ TER traded up $1.18 during mid-day trading on Monday, reaching $74.83. The company had a trading volume of 368,546 shares, compared to its average volume of 2,525,419. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The stock has a market cap of $12.04 billion, a P/E ratio of 22.47, a PEG ratio of 2.83 and a beta of 1.65. The firm has a 50 day simple moving average of $96.33 and a two-hundred day simple moving average of $112.80.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (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%. On average, equities analysts expect 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. Investors of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Insider Activity at Teradyne

In related news, VP Ryan Driscoll sold 437 shares of the business'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 $44,574.00. Following the sale, the vice president now directly owns 4,312 shares in the company, valued at $439,824. The trade was a 9.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Burns sold 407 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares in the company, valued at $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,399 shares of company stock worth $612,734 in the last three months. Insiders own 0.36% of the company's stock.

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.