Allstate Corp Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

Allstate Corp purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,733 shares of the company’s stock, valued at approximately $596,000.

Several other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in Teradyne during the 4th quarter worth $270,989,000. Van ECK Associates Corp boosted its holdings in Teradyne by 59.9% in the fourth 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in Teradyne in the fourth quarter worth about $160,087,000. Assenagon Asset Management S.A. grew its stake in shares of Teradyne by 1,767.0% during the fourth 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 during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Teradyne by 38.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,873,936 shares of the company’s stock valued at $235,966,000 after acquiring an additional 523,296 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TER shares. Morgan Stanley dropped their target price on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Northland Securities dropped their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus reduced their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, March 12th. Citigroup dropped their price target on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Finally, Vertical Research initiated coverage on Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $121.44.

Teradyne Stock Performance

NASDAQ:TER opened at $82.61 on Wednesday. Teradyne, Inc. has a one year low of $79.60 and a one year high of $163.21. The stock has a market cap of $13.36 billion, a PE ratio of 24.81, a P/E/G ratio of 2.83 and a beta of 1.46. The stock has a 50 day moving average price of $105.79 and a 200 day moving average price of $116.66.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate 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 predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Richard John Burns sold 445 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the sale, the insider now owns 25,191 shares of the company’s stock, valued at $2,808,544.59. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % 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 quarter. 0.36% of the stock is currently owned by company insiders.

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.