Pictet Asset Management Holding SA Has $235.97 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Pictet Asset Management Holding SA raised its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 38.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,873,936 shares of the company's stock after acquiring an additional 523,296 shares during the quarter. Pictet Asset Management Holding SA owned about 1.15% of Teradyne worth $235,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after acquiring an additional 1,846,079 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Teradyne during the fourth quarter valued at about $12,118,000. Cerity Partners LLC grew its position in shares of Teradyne by 87.1% in the third quarter. Cerity Partners LLC now owns 11,371 shares of the company's stock valued at $1,523,000 after purchasing an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock worth $10,325,000 after purchasing an additional 11,541 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after purchasing an additional 20,762 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Trading Down 0.4 %

Shares of Teradyne stock traded down $0.36 during trading hours on Tuesday, reaching $82.24. 870,694 shares of the company's stock were exchanged, compared to its average volume of 3,030,555. The company has a 50 day moving average of $106.79 and a two-hundred day moving average of $117.01. The stock has a market cap of $13.30 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a fifty-two week low of $79.60 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. As a group, analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 407 shares of the firm's stock in a transaction that occurred on 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 directly owns 20,764 shares in the company, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Ryan Driscoll sold 437 shares of the company's stock in a transaction that occurred 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 transaction, the vice president now directly owns 4,312 shares in the company, valued at $439,824. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 in the last ninety days. Insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group set a $130.00 price target on Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Stifel Nicolaus lowered their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Northland Securities decreased their price target on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note 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. Finally, Vertical Research assumed coverage on shares of Teradyne in a research note on Friday, March 7th. They issued a "buy" rating and a $135.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average target price of $121.44.

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.