Nomura Asset Management Co. Ltd. Increases Holdings in Teradyne, Inc. (NASDAQ:TER)

Nomura Asset Management Co. Ltd. increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 77,314 shares of the company’s stock after purchasing an additional 222 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Teradyne were worth $9,735,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its holdings in shares of Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after purchasing an additional 104 shares during the period. Cerity Partners LLC increased its stake in Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after acquiring an additional 5,294 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Teradyne by 6.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 102,122 shares of the company’s stock valued at $13,677,000 after acquiring an additional 5,804 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Teradyne in the 3rd quarter valued at about $194,000. Finally, Townsquare Capital LLC bought a new stake in shares of Teradyne during the 3rd quarter valued at about $312,000. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TER shares. UBS Group set a $130.00 target price on shares of Teradyne and gave the company a “buy” rating in a research note on Wednesday, March 12th. Susquehanna dropped their price objective on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a report on Wednesday, March 12th. Stifel Nicolaus reduced their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. Vertical Research began coverage on Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average price target of $121.44.

Teradyne Trading Down 3.4 %

Shares of NASDAQ:TER opened at $82.78 on Monday. The company has a 50-day moving average price of $107.90 and a 200-day moving average price of $117.33. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 12 month low of $81.83 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 for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given 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 of this dividend was Friday, February 14th. Teradyne’s payout ratio is currently 14.41%.

Insiders Place Their Bets

In related news, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the sale, the chief financial officer now directly owns 30,446 shares in the company, valued at $3,105,492. The trade was a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is currently owned by corporate insiders.

Teradyne 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.