Norges Bank Takes $270.99 Million Position in Teradyne, Inc. (NASDAQ:TER)

Norges Bank bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,152,076 shares of the company’s stock, valued at approximately $270,989,000. Norges Bank owned 1.32% of Teradyne as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new stake in Teradyne during the fourth quarter valued at approximately $33,000. AllSquare Wealth Management LLC lifted its position in shares of Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after buying an additional 200 shares during the period. Manchester Capital Management LLC boosted its stake in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after buying an additional 227 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Teradyne in the fourth quarter valued at $45,000. Finally, Atala Financial Inc acquired a new position in Teradyne during the fourth quarter worth $47,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In related news, insider Richard John Burns sold 445 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the sale, the insider now directly owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 in the last ninety days. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TER shares. Citigroup lowered their target price on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Vertical Research assumed coverage on shares of Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 price objective on the stock. Cantor Fitzgerald cut their target price on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Robert W. Baird decreased their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Finally, KeyCorp cut their price objective on Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.44.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $82.78 on Friday. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 2.83 and a beta of 1.46. The company has a 50 day moving average of $107.90 and a 200-day moving average of $117.43. Teradyne, Inc. has a one year low of $82.47 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating 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%. Equities research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is currently 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.