Royal London Asset Management Ltd. Increases Position in Teradyne, Inc. (NASDAQ:TER)

Royal London Asset Management Ltd. increased its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,781 shares of the company's stock after acquiring an additional 3,594 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Teradyne were worth $9,165,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TER. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Teradyne in the 3rd quarter worth $2,221,000. 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 buying an additional 1,846,079 shares during the period. Proficio Capital Partners LLC purchased a new position in Teradyne during the fourth quarter valued at approximately $12,118,000. Cerity Partners LLC boosted its holdings in Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company's stock worth $1,523,000 after buying an additional 5,294 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in Teradyne by 17.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock worth $10,325,000 after buying an additional 11,541 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Down 2.2 %

NASDAQ:TER traded down $1.94 during trading hours on Wednesday, hitting $88.01. 2,200,388 shares of the stock were exchanged, compared to its average volume of 2,298,953. The firm's fifty day moving average price is $110.99 and its 200 day moving average price is $118.21. Teradyne, Inc. has a 52-week low of $82.98 and a 52-week high of $163.21. The company has a market cap of $14.23 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.83 and a beta of 1.46.

Remove Ads

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

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio is presently 14.41%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,789 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 transaction of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares in the company, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ryan Driscoll sold 437 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the transaction, the vice president now directly owns 4,312 shares of the company's stock, valued at approximately $439,824. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,013,134 over the last ninety days. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TER shares. Stifel Nicolaus decreased their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price target on Teradyne from $145.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. TD Cowen lowered their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Susquehanna cut their price target on Teradyne from $165.00 to $155.00 and set a "positive" rating on the stock in a research note on Wednesday, March 12th. Finally, KeyCorp lowered 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.44.

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.