Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. raised its holdings in Teradyne, Inc. (NASDAQ:TER) by 27.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,635,687 shares of the company’s stock after purchasing an additional 350,623 shares during the period. Teradyne comprises about 2.2% of Nikko Asset Management Americas Inc.’s holdings, making the stock its 10th largest holding. Nikko Asset Management Americas Inc.’s holdings in Teradyne were worth $205,966,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TER. Roberts Glore & Co. Inc. IL increased its stake in Teradyne by 2.2% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after buying an additional 90 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC boosted its holdings in Teradyne by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after purchasing an additional 105 shares during the period. TD Private Client Wealth LLC boosted its holdings in Teradyne by 0.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after purchasing an additional 108 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its holdings 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 period. 99.77% of the stock is owned by institutional investors.

Teradyne Trading Up 1.7 %

NASDAQ TER opened at $86.74 on Monday. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 12 month low of $82.98 and a 12 month high of $163.21. The company’s 50 day moving average is $117.60 and its two-hundred day moving average is $120.19.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS 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 19.08%. Sell-side analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. Teradyne’s payout ratio is currently 14.41%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Vertical Research initiated coverage on shares of Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 price target for the company. Cantor Fitzgerald decreased their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Stifel Nicolaus reduced their price objective on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. KeyCorp reduced their price objective on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Finally, Citigroup cut their target price on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Insider Activity at Teradyne

In related news, insider Richard John Burns sold 407 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the sale, the insider now owns 20,764 shares in the company, valued at $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last three months. 0.36% of the stock is owned by corporate insiders.

Teradyne Company Profile

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.