Teradyne, Inc. (NASDAQ:TER) Holdings Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,825,897 shares of the company's stock after acquiring an additional 393,175 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 1.74% of Teradyne worth $355,837,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock valued at $921,458,000 after purchasing an additional 350,002 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Teradyne by 5.5% in the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company's stock valued at $535,484,000 after acquiring an additional 209,868 shares during the last quarter. Van ECK Associates Corp grew its position in Teradyne by 6.3% during the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company's stock valued at $383,501,000 after acquiring an additional 183,721 shares during the period. Aspex Management HK Ltd increased its stake in Teradyne by 11.5% during the third quarter. Aspex Management HK Ltd now owns 2,387,433 shares of the company's stock worth $319,749,000 after acquiring an additional 246,914 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Teradyne by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company's stock worth $299,073,000 after purchasing an additional 47,157 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TER has been the subject of a number of research reports. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Cantor Fitzgerald reissued an "overweight" rating and issued a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. Craig Hallum reduced their target price on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a report on Friday, October 25th. KeyCorp decreased their price target 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. Finally, Morgan Stanley lowered Teradyne from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Teradyne presently has a consensus rating of "Moderate Buy" and an average target price of $143.77.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 407 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares of the company's stock, valued at $2,502,269.64. This represents a 1.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,479 shares of company stock valued at $1,013,134. Insiders own 0.36% of the company's stock.

Teradyne Trading Down 1.2 %

NASDAQ TER traded down $1.34 during mid-day trading on Tuesday, reaching $112.72. 1,697,329 shares of the company's stock traded hands, compared to its average volume of 2,771,090. The company has a fifty day simple moving average of $125.67 and a 200-day simple moving average of $123.42. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21. The company has a market cap of $18.36 billion, a price-to-earnings ratio of 33.85, a P/E/G ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly 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 net margin of 19.23% and a return on equity of 19.08%. Equities research analysts forecast that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend 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 presently 14.41%.

Teradyne announced that its Board of Directors has initiated a stock repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

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.