Robeco Institutional Asset Management B.V. Sells 55,366 Shares of Teradyne, Inc. (NASDAQ:TER)

Robeco Institutional Asset Management B.V. lessened its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 37.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,919 shares of the company's stock after selling 55,366 shares during the period. Robeco Institutional Asset Management B.V. owned 0.06% of Teradyne worth $11,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TER. State Street Corp increased its stake in Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company's stock worth $921,458,000 after purchasing an additional 350,002 shares during the period. Geode Capital Management LLC lifted its position in shares of Teradyne by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company's stock worth $535,484,000 after buying an additional 209,868 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Teradyne by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company's stock valued at $383,501,000 after purchasing an additional 183,721 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Teradyne by 18.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company's stock worth $325,814,000 after purchasing an additional 374,522 shares during the last quarter. Finally, Aspex Management HK Ltd lifted its position in Teradyne by 11.5% during the 3rd 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 period. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on TER. Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. UBS Group reduced their price objective on shares of Teradyne from $160.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday. Evercore ISI increased their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Cantor Fitzgerald restated an "overweight" rating and issued a $160.00 price objective on shares of Teradyne in a report on Thursday, January 30th. Finally, StockNews.com upgraded Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Teradyne has a consensus rating of "Moderate Buy" and a consensus price target of $143.77.

Insiders Place Their Bets

In related news, CFO Sanjay Mehta sold 614 shares of the stock in a transaction that occurred on 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 owns 30,446 shares of the company's stock, valued at $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction dated 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 owns 4,312 shares in the company, valued at approximately $439,824. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,434 shares of company stock valued at $785,137 in the last quarter. 0.36% of the stock is currently owned by insiders.

Teradyne Stock Up 0.5 %

Teradyne stock traded up $0.58 during trading hours on Tuesday, hitting $111.67. The stock had a trading volume of 3,054,933 shares, compared to its average volume of 2,934,307. The company has a market cap of $18.19 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 2.67 and a beta of 1.46. The company has a 50-day moving average of $125.43 and a two-hundred day moving average of $124.37. Teradyne, Inc. has a fifty-two week low of $94.64 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS 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, analysts forecast that Teradyne, Inc. will post 4.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne's payout ratio is 14.41%.

Teradyne declared that its board has initiated a stock repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership 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.