Sumitomo Mitsui DS Asset Management Company Ltd Grows Position in Teradyne, Inc. (NASDAQ:TER)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 21.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,322 shares of the company's stock after acquiring an additional 4,062 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Teradyne were worth $2,937,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TER. Capital Performance Advisors LLP bought a new stake in Teradyne during the 3rd quarter worth approximately $29,000. Coastline Trust Co bought a new stake in shares of Teradyne during the 3rd quarter valued at $46,000. Brooklyn Investment Group purchased a new position in shares of Teradyne during the 3rd quarter valued at $52,000. Quarry LP boosted its holdings in Teradyne by 91.9% in the 3rd quarter. Quarry LP now owns 451 shares of the company's stock worth $60,000 after buying an additional 216 shares during the period. Finally, Eastern Bank purchased a new stake in Teradyne in the 3rd quarter worth $67,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Up 1.2 %

TER traded up $1.30 on Thursday, hitting $112.84. The company had a trading volume of 1,754,896 shares, compared to its average volume of 2,695,407. The company has a market cap of $18.38 billion, a PE ratio of 33.89, a PEG ratio of 2.70 and a beta of 1.45. The business's fifty day simple moving average is $125.54 and its 200 day simple moving average is $123.26. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping 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%. On average, analysts anticipate that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.12 per share. 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 is presently 14.41%.

Teradyne announced that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. Northland Securities dropped their price target on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Morgan Stanley cut shares of Teradyne from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. KeyCorp dropped 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. Finally, Susquehanna raised their target price on shares of Teradyne from $145.00 to $165.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $143.77.

Insider Buying and Selling

In other news, insider Richard John Burns sold 445 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares of the company's stock, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Mehta sold 1,384 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the sale, the chief financial officer now directly owns 36,576 shares of the company's stock, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock valued at $1,013,134. 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.