Sumitomo Life Insurance Co. Sells 112 Shares of Teradyne, Inc. (NASDAQ:TER)

Sumitomo Life Insurance Co. lowered its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,366 shares of the company’s stock after selling 112 shares during the period. Sumitomo Life Insurance Co.’s holdings in Teradyne were worth $424,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TER. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the third quarter worth $29,000. Quarry LP grew its position in Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares during the last quarter. Coastline Trust Co bought a new position in Teradyne in the 3rd quarter valued at approximately $46,000. Brooklyn Investment Group bought a new position in Teradyne in the 3rd quarter valued at approximately $52,000. Finally, Eastern Bank acquired a new stake in Teradyne during the 3rd quarter worth approximately $67,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,383 shares of company stock valued at $677,935 over the last ninety days. 0.36% of the stock is owned by company insiders.

Teradyne Stock Down 5.7 %

Shares of NASDAQ TER opened at $115.08 on Friday. The firm has a market cap of $18.74 billion, a PE ratio of 36.53, a P/E/G ratio of 2.25 and a beta of 1.46. The company’s fifty day simple moving average is $125.22 and its 200 day simple moving average is $125.64. Teradyne, Inc. has a 12-month low of $92.29 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. On average, equities analysts predict that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne declared that its board has initiated a share buyback program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. Teradyne’s dividend payout ratio is 15.24%.

Wall Street Analyst Weigh In

TER has been the subject of several analyst reports. Robert W. Baird dropped their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Susquehanna upped their price target on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.31.

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.