Allianz Asset Management GmbH Has $40.73 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Allianz Asset Management GmbH increased its position in Teradyne, Inc. (NASDAQ:TER) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 323,486 shares of the company’s stock after purchasing an additional 8,073 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.20% of Teradyne worth $40,733,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after buying an additional 350,002 shares during the period. Van ECK Associates Corp increased its holdings in shares of 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 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 acquiring an additional 209,868 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake 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 acquiring an additional 393,175 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Teradyne by 7.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock valued at $302,582,000 after purchasing an additional 157,838 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Down 2.2 %

TER stock opened at $115.91 on Friday. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21. The business has a 50-day simple moving average of $124.99 and a 200 day simple moving average of $122.99. The company has a market cap of $18.88 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45.

Teradyne (NASDAQ:TER) 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%. On average, analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

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

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, February 14th. Teradyne’s payout ratio is presently 14.41%.

Insider Buying and Selling at Teradyne

In related news, CFO Sanjay Mehta sold 1,789 shares of the company’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 $215,592.39. Following the completion of the transaction, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on TER shares. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Susquehanna upped their target price on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 target price on shares of Teradyne in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $143.77.

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.