Royal London Asset Management Ltd. Raises Holdings in Teradyne, Inc. (NASDAQ:TER)

Royal London Asset Management Ltd. lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,781 shares of the company’s stock after purchasing an additional 3,594 shares during the period. Royal London Asset Management Ltd.’s holdings in Teradyne were worth $9,165,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TER. Mutual of America Capital Management LLC increased its stake in shares of Teradyne by 2.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 20,089 shares of the company’s stock worth $2,691,000 after purchasing an additional 404 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after acquiring an additional 104 shares during the period. Pathstone Holdings LLC grew its stake in Teradyne by 3.9% in the 3rd quarter. Pathstone Holdings LLC now owns 19,878 shares of the company’s stock worth $2,662,000 after acquiring an additional 743 shares during the period. Caprock Group LLC grew its stake in Teradyne by 8.5% in the 3rd quarter. Caprock Group LLC now owns 5,550 shares of the company’s stock worth $743,000 after acquiring an additional 435 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Teradyne in the 3rd quarter worth approximately $1,170,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on TER shares. Susquehanna lowered their target price on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research note on Wednesday, March 12th. Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Vertical Research began coverage on shares of Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 target price for the company. Bank of America decreased their price target on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Finally, UBS Group set a $130.00 price target on shares of Teradyne and gave the company a “buy” rating in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. The trade was a 5.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’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 transaction, 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 in the last quarter. 0.36% of the stock is owned by corporate insiders.

Teradyne Trading Down 0.8 %

NASDAQ:TER opened at $87.51 on Friday. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 2.83 and a beta of 1.46. The firm’s fifty day simple moving average is $112.72 and its 200 day simple moving average is $118.73. Teradyne, Inc. has a twelve month low of $82.98 and a twelve month high of $163.21.

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

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. Teradyne’s dividend payout ratio is currently 14.41%.

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.