Teradyne, Inc. (NASDAQ:TER) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 21.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,322 shares of the company’s stock after purchasing an additional 4,062 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Teradyne were worth $2,937,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TER. Sumitomo Mitsui Trust Group Inc. lifted its stake in Teradyne by 16.2% during the fourth 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. Financial Advocates Investment Management boosted its stake in shares of Teradyne by 16.7% during the 4th quarter. Financial Advocates Investment Management now owns 4,001 shares of the company’s stock valued at $504,000 after buying an additional 574 shares during the period. Caitlin John LLC grew its stake in Teradyne by 1.9% in the fourth quarter. Caitlin John LLC now owns 20,874 shares of the company’s stock valued at $2,628,000 after purchasing an additional 392 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Teradyne by 0.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 240,023 shares of the company’s stock valued at $30,851,000 after buying an additional 1,028 shares in the last quarter. Finally, E. Ohman J or Asset Management AB increased its holdings in Teradyne by 22.7% in the fourth quarter. E. Ohman J or Asset Management AB now owns 8,100 shares of the company’s stock worth $1,020,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 0.7 %

TER opened at $113.23 on Monday. The business has a 50 day moving average of $125.71 and a 200-day moving average of $123.59. The stock has a market capitalization of $18.44 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 2.70 and a beta of 1.45. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last issued 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 net margin of 19.23% and a return on equity of 19.08%. Equities analysts predict that Teradyne, Inc. will post 3.91 EPS for the current year.

Teradyne Dividend Announcement

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 is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.42%. Teradyne’s dividend payout ratio is 14.41%.

Teradyne declared that its Board of Directors has approved a share repurchase program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Northland Securities reduced their target price on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Craig Hallum lowered their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. UBS Group cut their target price on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Robert W. Baird decreased their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 over the last three months. Company insiders own 0.36% of the company’s stock.

Teradyne 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.