NEOS Investment Management LLC Acquires 3,703 Shares of Teradyne, Inc. (NASDAQ:TER)

NEOS Investment Management LLC increased its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 46.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,610 shares of the company's stock after buying an additional 3,703 shares during the quarter. NEOS Investment Management LLC's holdings in Teradyne were worth $1,462,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Teradyne by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock worth $2,569,511,000 after buying an additional 92,428 shares during the last quarter. 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 worth $921,458,000 after acquiring an additional 350,002 shares in the last quarter. Van ECK Associates Corp grew its position 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 acquiring an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC increased its holdings in Teradyne by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company's stock valued at $535,484,000 after purchasing an additional 209,868 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after purchasing an additional 393,175 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

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Teradyne Trading Up 0.0 %

Shares of TER stock traded up $0.01 on Tuesday, reaching $82.61. The company had a trading volume of 3,045,835 shares, compared to its average volume of 2,397,113. The stock has a market cap of $13.36 billion, a PE ratio of 24.81, a PEG ratio of 2.83 and a beta of 1.46. The company has a 50-day moving average of $106.79 and a 200-day moving average of $117.01. Teradyne, Inc. has a 12 month low of $79.60 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. Teradyne's payout ratio is 14.41%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. TD Cowen lowered their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. Citigroup reduced their target price on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price target on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Finally, Bank of America reduced their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and an average target price of $121.44.

Insiders Place Their Bets

In other news, 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 owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard John Burns sold 407 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the sale, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

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.