Meiji Yasuda Asset Management Co Ltd. Has $387,000 Stock Position in Teradyne, Inc. (NASDAQ:TER)

Meiji Yasuda Asset Management Co Ltd. raised its stake in Teradyne, Inc. (NASDAQ:TER) by 19.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,607 shares of the company’s stock after acquiring an additional 427 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Teradyne were worth $387,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its stake in Teradyne by 78.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 85,226 shares of the company’s stock worth $86,000 after acquiring an additional 37,526 shares during the period. Assetmark Inc. grew its stake in shares of Teradyne by 4.6% in the fourth quarter. Assetmark Inc. now owns 23,819 shares of the company’s stock worth $2,585,000 after purchasing an additional 1,057 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Teradyne by 3.7% in the fourth quarter. Franklin Resources Inc. now owns 44,303 shares of the company’s stock valued at $4,808,000 after buying an additional 1,592 shares during the period. US Bancorp DE raised its holdings in Teradyne by 8.2% during the 4th quarter. US Bancorp DE now owns 37,684 shares of the company’s stock worth $4,090,000 after purchasing an additional 2,862 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Teradyne by 12.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 75,492 shares of the company’s stock valued at $8,192,000 after buying an additional 8,628 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TER shares. Craig Hallum cut Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target on the stock. in a report on Friday, July 26th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research note on Friday, August 16th. Citigroup decreased their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. The Goldman Sachs Group increased 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. Finally, Stifel Nicolaus lifted their price target on shares of Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $141.50.

Insider Buying and Selling

In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,483 shares of company stock valued at $1,383,031. 0.36% of the stock is owned by company insiders.

Teradyne Stock Performance

Teradyne stock opened at $128.95 on Friday. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $163.21. The firm’s 50-day simple moving average is $131.76 and its 200 day simple moving average is $128.18. The stock has a market cap of $20.13 billion, a PE ratio of 49.03, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. Teradyne’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. As a group, analysts predict that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, September 5th. Teradyne’s dividend payout ratio is 18.25%.

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.