Nissay Asset Management Corp Japan Raises Position in Teradyne, Inc. $TER

Nissay Asset Management Corp Japan grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 44.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 134,875 shares of the company’s stock after buying an additional 41,472 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Teradyne were worth $65,258,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Carolina Wealth Advisors LLC raised its stake in shares of Teradyne by 42.5% in the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after acquiring an additional 34 shares in the last quarter. Vestor Capital LLC grew its stake in Teradyne by 15.4% during the 1st quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after purchasing an additional 38 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its stake in Teradyne by 5.8% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock worth $352,000 after purchasing an additional 40 shares in the last quarter. UMB Bank n.a. increased its holdings in Teradyne by 1.8% during the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after purchasing an additional 40 shares during the period. Finally, Stephens Inc. AR increased its holdings in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TER. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Susquehanna upped their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. Wall Street Zen cut shares of Teradyne from a “buy” rating to a “hold” rating in a report on Saturday. Bank of America lifted their price target on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Robert W. Baird reiterated a “neutral” rating and set a $420.00 price target on shares of Teradyne in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Stock Performance

TER opened at $354.97 on Friday. Teradyne, Inc. has a one year low of $109.56 and a one year high of $487.91. The company has a market cap of $55.50 billion, a P/E ratio of 48.69, a PEG ratio of 0.75 and a beta of 1.78. The business’s 50-day simple moving average is $380.37 and its 200-day simple moving average is $356.92.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.38. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm’s revenue was up 103.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. As a group, analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, September 4th. Teradyne’s payout ratio is currently 7.13%.

About Teradyne

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.