Asset Management One Co. Ltd. Has $8.36 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Asset Management One Co. Ltd. lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,023 shares of the company’s stock after acquiring an additional 4,930 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Teradyne were worth $8,358,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Teradyne in the 3rd quarter worth about $29,000. Compass Financial Services Inc bought a new position in shares of Teradyne in the 4th quarter worth about $33,000. Coastline Trust Co bought a new position in shares of Teradyne in the 3rd quarter worth about $46,000. Brooklyn Investment Group bought a new position in shares of Teradyne in the 3rd quarter worth about $52,000. Finally, Quarry LP raised its position in shares of Teradyne by 91.9% in the 3rd quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after acquiring an additional 216 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Up 0.4 %

NASDAQ TER opened at $113.25 on Tuesday. The company has a 50-day simple moving average of $125.31 and a two-hundred day simple moving average of $123.06. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21. The firm has a market cap of $18.44 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities analysts expect that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is currently 14.41%.

Teradyne announced that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

TER has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Northland Securities cut their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. UBS Group cut their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Craig Hallum cut their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, Susquehanna lifted their price target on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $143.77.

Insider Buying and Selling

In other news, CFO Sanjay Mehta sold 1,384 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the sale, the chief financial officer now owns 36,576 shares in the company, valued at $4,077,858.24. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard John Burns sold 445 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the sale, the insider now owns 25,191 shares in the company, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 over the last three months. Corporate insiders own 0.36% of the company’s stock.

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.