Sumitomo Mitsui DS Asset Management Company Ltd Buys 1,485 Shares of Teradyne, Inc. (NASDAQ:TER)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Teradyne, Inc. (NASDAQ:TER) by 8.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,634 shares of the company’s stock after purchasing an additional 1,485 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Teradyne were worth $2,763,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TER. Swedbank AB raised its stake in shares of Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after acquiring an additional 426,900 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Teradyne by 6.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 158,270 shares of the company’s stock valued at $16,104,000 after purchasing an additional 9,960 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Teradyne by 17.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock worth $37,887,000 after purchasing an additional 50,156 shares in the last quarter. Caxton Associates LP purchased a new position in Teradyne during the 4th quarter worth $1,560,000. Finally, Janney Montgomery Scott LLC increased its position in Teradyne by 8.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock valued at $21,295,000 after buying an additional 14,272 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. KeyCorp upped their price target on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. The Goldman Sachs Group lifted their price objective on shares of Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Craig Hallum downgraded Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price on the stock. in a research report on Friday, July 26th. Finally, Evercore ISI lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $141.50.

Teradyne Stock Up 2.1 %

TER stock opened at $136.73 on Friday. The stock has a market cap of $22.31 billion, a price-to-earnings ratio of 51.99, a price-to-earnings-growth ratio of 2.73 and a beta of 1.50. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $163.21. The business has a fifty day moving average of $138.59 and a two-hundred day moving average of $125.43.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Thursday, September 5th. Teradyne’s payout ratio is currently 18.25%.

Insider Activity at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the sale, the director now owns 18,393 shares in the company, valued at $2,645,649.12. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the transaction, the director now directly owns 18,393 shares in the company, valued at $2,645,649.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The disclosure for this sale can be found here. Insiders sold a total of 7,403 shares of company stock valued at $989,099 in the last three months. 0.36% of the stock is currently owned by company insiders.

About Teradyne

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.