Nomura Asset Management Co. Ltd. Buys 10,224 Shares of Teradyne, Inc. $TER

Nomura Asset Management Co. Ltd. grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 16.5% in the fourth quarter, Holdings Channel reports. The fund owned 72,299 shares of the company’s stock after acquiring an additional 10,224 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Teradyne were worth $13,994,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Teradyne by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after acquiring an additional 444,940 shares during the period. State Street Corp grew its position in shares of Teradyne by 0.3% during the 3rd quarter. State Street Corp now owns 7,017,649 shares of the company’s stock valued at $965,909,000 after acquiring an additional 24,154 shares during the period. Ameriprise Financial Inc. grew its position in shares of Teradyne by 6.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock valued at $723,600,000 after acquiring an additional 336,757 shares during the period. Invesco Ltd. grew its position in shares of Teradyne by 3.5% during the 3rd quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after acquiring an additional 99,864 shares during the period. Finally, Alkeon Capital Management LLC grew its position in shares of Teradyne by 48.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after acquiring an additional 940,000 shares during the period. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the sale, the chief executive officer directly owned 124,470 shares in the company, valued at $42,192,840.60. This represents a 6.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the sale, the insider owned 15,722 shares in the company, valued at $5,581,310. This represents a 4.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 10,941 shares of company stock worth $3,751,992 in the last three months. 0.19% of the stock is currently owned by corporate insiders.

Teradyne Trading Up 6.3%

Shares of TER stock opened at $392.62 on Wednesday. The stock has a market capitalization of $61.46 billion, a P/E ratio of 72.71, a PEG ratio of 1.52 and a beta of 1.79. The firm’s 50 day moving average is $349.70 and its 200 day moving average is $278.44. Teradyne, Inc. has a 12 month low of $78.41 and a 12 month high of $422.11.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. Teradyne’s revenue was up 87.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. On average, equities analysts predict that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be paid a $0.13 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is currently 9.63%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Cantor Fitzgerald upped their price target on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Robert W. Baird set a $350.00 price target on shares of Teradyne in a research note on Thursday, April 30th. Finally, Northland Securities restated a “market perform” rating and set a $270.00 price target on shares of Teradyne in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $339.80.

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.