ING Groep NV Acquires 113,378 Shares of Teradyne, Inc. (NASDAQ:TER)

ING Groep NV increased its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 197.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,801 shares of the company's stock after buying an additional 113,378 shares during the quarter. ING Groep NV owned about 0.10% of Teradyne worth $21,507,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TER. Whittier Trust Co. boosted its holdings in shares of Teradyne by 10.2% in the third quarter. Whittier Trust Co. now owns 950 shares of the company's stock valued at $127,000 after acquiring an additional 88 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Teradyne by 10.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company's stock worth $149,000 after acquiring an additional 103 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock worth $858,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC raised its position in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock valued at $434,000 after buying an additional 105 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in shares of Teradyne by 0.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company's stock valued at $2,666,000 after purchasing an additional 108 shares during the period. Institutional investors own 99.77% of the company's stock.

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 445 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the sale, the insider now owns 25,191 shares in the company, valued at $2,808,544.59. This represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ryan Driscoll sold 437 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the sale, the vice president now owns 4,312 shares in the company, valued at approximately $439,824. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 in the last three months. Insiders own 0.18% of the company's stock.

Teradyne Trading Down 2.1 %

Shares of Teradyne stock traded down $2.43 during mid-day trading on Tuesday, reaching $111.15. 988,141 shares of the stock were exchanged, compared to its average volume of 2,564,538. The company has a market cap of $17.97 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21. The firm has a 50-day simple moving average of $124.67 and a 200 day simple moving average of $122.99.

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

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

Teradyne Announces Dividend

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 issued a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne's dividend payout ratio (DPR) is 14.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Morgan Stanley lowered Teradyne from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. KeyCorp cut their target price on shares of Teradyne from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. Finally, UBS Group lowered their price objective on shares of Teradyne from $160.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and an average target price of $143.77.

About Teradyne

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.