Nissay Asset Management Corp Japan ADV Has $10.65 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Nissay Asset Management Corp Japan ADV increased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,816 shares of the company’s stock after acquiring an additional 4,869 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Teradyne were worth $10,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Roberts Glore & Co. Inc. IL boosted its position in shares of Teradyne by 2.2% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after acquiring an additional 90 shares in the last quarter. Covestor Ltd lifted its stake in Teradyne by 12.3% in the 4th quarter. Covestor Ltd now owns 901 shares of the company’s stock valued at $113,000 after purchasing an additional 99 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Teradyne by 4.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company’s stock valued at $429,000 after purchasing an additional 119 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in Teradyne by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock valued at $283,000 after purchasing an additional 124 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in Teradyne by 5.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company’s stock valued at $324,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. TD Cowen dropped their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Northland Securities dropped their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Vertical Research assumed coverage on shares of Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective for the company. KeyCorp reissued a “sector weight” rating on shares of Teradyne in a research note on Thursday, April 17th. Finally, Cantor Fitzgerald dropped their price objective on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.56.

Teradyne Stock Performance

TER stock opened at $84.27 on Thursday. The company has a fifty day moving average price of $79.49 and a 200-day moving average price of $104.75. The company has a market capitalization of $13.52 billion, a P/E ratio of 25.31, a PEG ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The business had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same quarter last year, the firm earned $0.51 earnings per share. Teradyne’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne declared that its Board of Directors has authorized a share repurchase program on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, May 22nd. Teradyne’s dividend payout ratio is presently 13.56%.

About Teradyne

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.