10,703 Shares in Teradyne, Inc. (NASDAQ:TER) Purchased by TCW Group Inc.

TCW Group Inc. bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,703 shares of the company’s stock, valued at approximately $1,348,000.

Several other hedge funds have also modified their holdings of the business. Van ECK Associates Corp boosted its holdings in Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after buying an additional 1,846,079 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Teradyne by 1,767.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after acquiring an additional 873,626 shares in the last quarter. Alkeon Capital Management LLC grew its holdings in Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after purchasing an additional 749,003 shares during the last quarter. Holocene Advisors LP acquired a new stake in Teradyne in the 3rd quarter valued at about $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Teradyne by 16.2% in 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. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Down 2.0 %

Shares of TER stock opened at $113.58 on Tuesday. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21. The firm’s 50 day moving average price is $124.67 and its two-hundred day moving average price is $122.99. The stock has a market cap of $18.50 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. On average, equities analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Teradyne announced that its board has authorized a share repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. 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, January 31st. KeyCorp reduced their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Northland Securities lowered their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.77.

Insider Buying and Selling at Teradyne

In other news, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value 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 disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,013,134 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

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.