Teradyne, Inc. (NASDAQ:TER) Shares Acquired by ING Groep NV

ING Groep NV raised its holdings in Teradyne, Inc. (NASDAQ:TER) by 197.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 170,801 shares of the company’s stock after acquiring an additional 113,378 shares during the quarter. ING Groep NV owned 0.10% of Teradyne worth $21,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Private Wealth Partners LLC acquired a new stake in Teradyne in the 4th quarter valued at about $233,000. Alberta Investment Management Corp acquired a new stake in Teradyne in the 4th quarter valued at about $1,435,000. TimesSquare Capital Management LLC lifted its holdings in Teradyne by 9.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 708,350 shares of the company’s stock valued at $89,195,000 after acquiring an additional 61,337 shares during the last quarter. Peregrine Capital Management LLC lifted its holdings in Teradyne by 1.8% in the 4th quarter. Peregrine Capital Management LLC now owns 79,006 shares of the company’s stock valued at $9,948,000 after acquiring an additional 1,411 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in Teradyne in the 4th quarter valued at about $4,533,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Teradyne

In other news, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly 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. Over the last quarter, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TER. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Craig Hallum reduced their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. UBS Group decreased their target price on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus decreased their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Price Performance

NASDAQ TER opened at $118.55 on Friday. The company has a 50 day simple moving average of $125.14 and a 200-day simple moving average of $122.96. The firm has a market capitalization of $19.31 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 2.74 and a beta of 1.45. Teradyne, Inc. has a 52-week low of $95.80 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results 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 19.23% and a return on equity of 19.08%. On average, analysts predict that Teradyne, Inc. will post 3.91 EPS for the current year.

Teradyne declared that its board has approved a share buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is presently 14.41%.

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.