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

Nikko Asset Management Americas Inc. raised its stake in Teradyne, Inc. (NASDAQ:TER) by 27.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,635,687 shares of the company’s stock after buying an additional 350,623 shares during the period. Teradyne accounts for 2.2% of Nikko Asset Management Americas Inc.’s holdings, making the stock its 10th largest holding. Nikko Asset Management Americas Inc. owned approximately 1.00% of Teradyne worth $205,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of TER. Compass Financial Services Inc purchased a new position in Teradyne during the fourth quarter worth about $33,000. Manchester Capital Management LLC increased its holdings in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after acquiring an additional 227 shares during the period. Coastline Trust Co bought a new position in shares of Teradyne in the 3rd quarter worth $46,000. Atala Financial Inc bought a new position in shares of Teradyne in the 4th quarter worth $47,000. Finally, Brooklyn Investment Group bought a new position in shares of Teradyne during the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

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

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

Teradyne Dividend Announcement

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

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 407 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the transaction, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,479 shares of company stock worth $1,013,134. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Cantor Fitzgerald decreased their target price on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Finally, Bank of America cut their price target on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $121.44.

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.