AMF Tjanstepension AB Purchases Shares of 17,075 Teradyne, Inc. (NASDAQ:TER)

AMF Tjanstepension AB purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 17,075 shares of the company’s stock, valued at approximately $2,150,000.

Several other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in Teradyne by 6.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 20,183 shares of the company’s stock valued at $2,541,000 after buying an additional 1,183 shares during the period. E Fund Management Co. Ltd. boosted its position in Teradyne by 955.4% during the 4th quarter. E Fund Management Co. Ltd. now owns 23,630 shares of the company’s stock valued at $2,975,000 after buying an additional 21,391 shares during the period. Vestmark Advisory Solutions Inc. boosted its position in Teradyne by 2.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 75,770 shares of the company’s stock valued at $9,437,000 after buying an additional 1,857 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Teradyne in the 4th quarter worth about $160,087,000. Finally, Arizona State Retirement System lifted its position in shares of Teradyne by 5.9% in the 4th quarter. Arizona State Retirement System now owns 47,369 shares of the company’s stock worth $5,965,000 after purchasing an additional 2,643 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. Vertical Research began coverage on shares of Teradyne in a research report on Friday. They issued a “buy” rating and a $135.00 target price for the company. KeyCorp decreased their price target on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Northland Securities decreased their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.14.

Teradyne Stock Performance

NASDAQ:TER opened at $108.54 on Friday. The firm has a 50-day simple moving average of $121.30 and a two-hundred day simple moving average of $121.81. The firm has a market cap of $17.55 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is presently 14.41%.

Teradyne announced that its board has initiated a stock repurchase plan on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Teradyne news, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00. Following the transaction, the vice president now owns 4,312 shares of the company’s stock, valued at $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $215,592.39. Following the transaction, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % 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 owned by 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.