Teradyne, Inc. (NASDAQ:TER) Shares Bought by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 27.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,635,687 shares of the company's stock after purchasing an additional 350,623 shares during the period. Teradyne makes up approximately 2.2% of Nikko Asset Management Americas Inc.'s holdings, making the stock its 10th biggest position. Nikko Asset Management Americas Inc. owned about 1.00% of Teradyne worth $205,966,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its holdings in Teradyne by 59.9% during the 4th 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. Raymond James Financial Inc. purchased a new position in shares of Teradyne in the fourth quarter worth approximately $160,087,000. Assenagon Asset Management S.A. raised its holdings in shares of Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock valued at $116,233,000 after acquiring an additional 873,626 shares during the period. Alkeon Capital Management LLC lifted its position in shares of Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock valued at $153,218,000 after acquiring an additional 749,003 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Teradyne in the 3rd quarter valued at approximately $91,129,000. 99.77% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Northland Securities cut their target price on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Morgan Stanley reduced their price target on shares of Teradyne from $112.00 to $81.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Finally, TD Cowen lowered their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Teradyne has a consensus rating of "Moderate Buy" and a consensus target price of $121.44.

Teradyne Stock Performance

Shares of Teradyne stock traded down $0.67 on Friday, reaching $87.51. The stock had a trading volume of 5,930,137 shares, compared to its average volume of 2,294,646. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The business's 50-day moving average price is $113.66 and its two-hundred day moving average price is $119.11. The stock has a market cap of $14.15 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER - Get Free Report) last released its 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%. As a group, equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is currently 14.41%.

Insiders Place Their Bets

In related news, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the sale, the chief financial officer now directly owns 30,446 shares of the company's stock, valued at $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares of the company's stock, 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. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 in the last three months. Company insiders own 0.36% of the company's stock.

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.