Asset Management One Co. Ltd. Raises Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Asset Management One Co. Ltd. lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 2.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,093 shares of the company’s stock after acquiring an additional 1,471 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Teradyne were worth $8,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Mitchell & Pahl Private Wealth LLC increased its position in shares of Teradyne by 1.1% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after acquiring an additional 79 shares during the last quarter. Blair William & Co. IL increased its position in shares of Teradyne by 0.6% during the first quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after acquiring an additional 83 shares during the last quarter. Whittier Trust Co. increased its position in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after acquiring an additional 88 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Teradyne by 17.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $97,000 after acquiring an additional 96 shares during the last quarter. Finally, Wealth Alliance increased its position in shares of Teradyne by 3.3% during the second quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after acquiring an additional 98 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. 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 83,816 shares of the company’s stock, valued at $10,896,080. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,352 shares of company stock valued at $1,899,353 over the last 90 days. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TER shares. Citigroup decreased their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research report on Friday, August 16th. Robert W. Baird decreased their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Susquehanna lifted their price target on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Finally, Northland Securities reduced their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Hold” and an average price target of $142.62.

Teradyne Stock Performance

NASDAQ:TER opened at $111.64 on Friday. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 2.27 and a beta of 1.52. Teradyne, Inc. has a 52-week low of $84.66 and a 52-week high of $163.21. The stock has a fifty day moving average of $125.35 and a 200 day moving average of $132.13.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. Equities analysts forecast that Teradyne, Inc. will post 3.15 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.43%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend payout ratio (DPR) is currently 15.24%.

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.