Teradyne, Inc. $TER Stock Holdings Lessened by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. decreased its stake in Teradyne, Inc. (NASDAQ:TERFree Report) by 9.2% in the third quarter, Holdings Channel reports. The institutional investor owned 50,631 shares of the company’s stock after selling 5,137 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Teradyne were worth $6,942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank of Nova Scotia lifted its holdings in shares of Teradyne by 546.5% during the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock valued at $8,835,000 after buying an additional 83,055 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Teradyne by 3.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock valued at $24,908,000 after acquiring an additional 9,094 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Teradyne by 291.6% during the second quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock valued at $2,247,000 after acquiring an additional 18,612 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Teradyne by 73.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after acquiring an additional 1,939 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in Teradyne in the third quarter worth approximately $895,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

More Teradyne News

Here are the key news stories impacting Teradyne this week:

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. TD Cowen restated a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Stifel Nicolaus boosted their price target on Teradyne from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Morgan Stanley increased their price objective on Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Finally, Robert W. Baird set a $195.00 target price on Teradyne in a report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.75.

View Our Latest Stock Analysis on TER

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Teradyne Stock Performance

NASDAQ TER opened at $238.94 on Wednesday. The firm has a 50-day simple moving average of $202.41 and a 200 day simple moving average of $154.76. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $240.03. The stock has a market cap of $37.42 billion, a PE ratio of 86.89, a PEG ratio of 1.67 and a beta of 1.84.

Teradyne (NASDAQ:TERGet Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. The firm had revenue of $769.21 million for the quarter, compared to analyst estimates of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 earnings per share. Research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is currently 17.45%.

About Teradyne

(Free Report)

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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