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

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 21.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,322 shares of the company’s stock after buying an additional 4,062 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Teradyne were worth $2,937,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also 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 acquiring an additional 350,002 shares during the last quarter. Geode Capital Management LLC grew 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 purchasing an additional 209,868 shares during the period. Van ECK Associates Corp increased its position in Teradyne by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock worth $383,501,000 after purchasing an additional 183,721 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in 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 buying an additional 393,175 shares during the period. Finally, Aspex Management HK Ltd lifted its position in Teradyne by 11.5% during the third quarter. Aspex Management HK Ltd now owns 2,387,433 shares of the company’s stock valued at $319,749,000 after buying an additional 246,914 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on TER. JPMorgan Chase & Co. dropped their price objective on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Cantor Fitzgerald restated an “overweight” rating and set a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. Robert W. Baird lowered their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Northland Securities reduced their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’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 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. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their position. 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 ninety days. 0.36% of the stock is owned by insiders.

Teradyne Price Performance

Shares of TER stock opened at $113.23 on Monday. The firm has a market cap of $18.44 billion, a P/E ratio of 34.00, a P/E/G ratio of 2.70 and a beta of 1.45. The firm has a fifty day moving average of $125.71 and a two-hundred day moving average of $123.59. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results 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 return on equity of 19.08% and a net margin of 19.23%. On average, sell-side analysts expect 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 given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

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

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.