Smartleaf Asset Management LLC Increases Holdings in Teradyne, Inc. (NASDAQ:TER)

Smartleaf Asset Management LLC lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,851 shares of the company’s stock after purchasing an additional 293 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Teradyne were worth $488,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TER. Connor Clark & Lunn Investment Management Ltd. bought a new position in Teradyne during the 3rd quarter worth approximately $2,221,000. Van ECK Associates Corp grew its position in 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. Cerity Partners LLC grew its position in Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after acquiring an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after acquiring an additional 11,541 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in 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 acquiring an additional 20,762 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the sale, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by insiders.

Teradyne Price Performance

TER stock opened at $105.78 on Tuesday. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21. The business has a fifty day moving average price of $123.06 and a 200-day moving average price of $122.44. The stock has a market capitalization of $17.11 billion, a P/E ratio of 31.77, a P/E/G ratio of 2.83 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS 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 anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its board has initiated a stock buyback plan 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 plans are typically a sign that the company’s board believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TER. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. KeyCorp cut their price objective on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. Northland Securities cut their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.77.

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.