Sumitomo Mitsui Trust Group Inc. Boosts Holdings in Teradyne, Inc. (NASDAQ:TER)

Sumitomo Mitsui Trust Group Inc. grew its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 18.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,432,722 shares of the company's stock after purchasing an additional 374,522 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 1.49% of Teradyne worth $325,814,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Teradyne by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company's stock worth $2,078,462,000 after acquiring an additional 135,286 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Teradyne by 1.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company's stock worth $682,597,000 after purchasing an additional 57,989 shares during the period. Van ECK Associates Corp boosted its position in shares of Teradyne by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company's stock worth $383,501,000 after purchasing an additional 183,721 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Teradyne by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company's stock worth $299,073,000 after buying an additional 47,157 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Teradyne by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 861,030 shares of the company's stock worth $127,684,000 after purchasing an additional 15,907 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Performance

Shares of TER stock traded down $0.62 on Tuesday, reaching $108.19. The stock had a trading volume of 890,705 shares, compared to its average volume of 2,035,372. The stock has a market cap of $17.62 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 2.41 and a beta of 1.52. Teradyne, Inc. has a 1 year low of $85.75 and a 1 year high of $163.21. The company has a 50 day simple moving average of $123.83 and a 200 day simple moving average of $132.52.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. On average, equities research analysts anticipate that Teradyne, Inc. will post 3.15 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. Teradyne's dividend payout ratio is presently 15.24%.

Teradyne announced that its board has authorized a share repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Susquehanna upped their price target on Teradyne from $130.00 to $145.00 and gave the company a "positive" rating in a research report on Friday, July 26th. Stifel Nicolaus decreased their target price on Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a research note on Friday, October 25th. Craig Hallum cut their price objective on Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on Teradyne from $120.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, July 23rd. Finally, Robert W. Baird dropped their target price on Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Teradyne presently has an average rating of "Hold" and a consensus price target of $142.62.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now directly owns 35,834 shares of the company's stock, valued at approximately $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the transaction, the director now owns 16,518 shares in the company, valued at $2,204,987.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Mehta sold 6,153 shares of the business's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares of the company's stock, valued at $4,768,072.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,352 shares of company stock valued at $1,899,353 over the last ninety days. 0.36% of the stock is currently owned by company insiders.

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.