Sumitomo Mitsui Trust Holdings Inc. Sells 4,221 Shares of Teradyne, Inc. (NASDAQ:TER)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in Teradyne, Inc. (NASDAQ:TER) by 0.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,213,836 shares of the company’s stock after selling 4,221 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 1.45% of Teradyne worth $249,787,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Acadian Asset Management LLC bought a new stake in Teradyne in the 3rd quarter valued at $167,000. O Shaughnessy Asset Management LLC lifted its position in shares of Teradyne by 23.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,501 shares of the company’s stock worth $553,000 after buying an additional 1,046 shares in the last quarter. Mutual Advisors LLC bought a new position in Teradyne during the third quarter valued at approximately $255,000. Tower Research Capital LLC TRC grew its holdings in Teradyne by 147.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,820 shares of the company’s stock valued at $786,000 after buying an additional 4,659 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in Teradyne by 10.5% in the 3rd quarter. Bank of Nova Scotia now owns 32,210 shares of the company’s stock worth $3,236,000 after acquiring an additional 3,070 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 1.4 %

Shares of NASDAQ:TER opened at $151.70 on Thursday. The business’s 50 day moving average is $137.09 and its 200 day moving average is $116.14. The stock has a market cap of $23.68 billion, a P/E ratio of 57.68, a price-to-earnings-growth ratio of 2.82 and a beta of 1.50. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $152.67.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the prior year, the company earned $0.55 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.04 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.32%. Teradyne’s dividend payout ratio is presently 18.25%.

Analyst Ratings Changes

TER has been the subject of a number of recent research reports. KeyCorp raised their target price on shares of Teradyne from $140.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, May 21st. Evercore ISI started coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price on the stock. Robert W. Baird lifted their price target on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Susquehanna raised their price objective on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group lifted their target price on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the sale, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now owns 17,142 shares in the company, valued at $2,077,610.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,005 shares of company stock valued at $1,304,763 over the last ninety days. 0.18% of the stock is 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.