Robeco Institutional Asset Management B.V. Has $11.83 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Robeco Institutional Asset Management B.V. cut its holdings in Teradyne, Inc. (NASDAQ:TER) by 37.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,919 shares of the company’s stock after selling 55,366 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Teradyne were worth $11,826,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Teradyne in the third quarter worth $2,221,000. Cerity Partners LLC lifted its stake in shares of Teradyne by 87.1% in the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after buying an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after buying an additional 11,541 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after buying an additional 20,762 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new stake in shares of Teradyne in the third quarter worth $806,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TER has been the subject of a number of analyst reports. Northland Securities reduced 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. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group dropped their target price on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Price Performance

Shares of Teradyne stock opened at $115.79 on Friday. The firm has a market capitalization of $18.86 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 2.04 and a beta of 1.46. The company’s fifty day moving average price is $125.37 and its two-hundred day moving average price is $125.34. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.23%. Analysts predict that Teradyne, Inc. will post 4.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is 14.41%.

Teradyne declared that its Board of Directors has initiated a stock buyback program on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 407 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the transaction, the insider now owns 20,764 shares in the company, valued at $2,502,269.64. This represents a 1.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the transaction, the vice president now owns 4,312 shares in the company, valued at approximately $439,824. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,434 shares of company stock valued at $785,137. 0.36% of the stock is owned by insiders.

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.