Nomura Holdings Inc. Invests $675,000 in Teradyne, Inc. (NASDAQ:TER)

Nomura Holdings Inc. acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,364 shares of the company's stock, valued at approximately $675,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Teradyne during the fourth quarter worth $270,989,000. Van ECK Associates Corp grew its position in shares of Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Teradyne during the 4th quarter worth about $160,087,000. Ameriprise Financial Inc. increased its stake in shares of Teradyne by 28.3% during the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after purchasing an additional 1,065,474 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Teradyne by 142.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock valued at $191,718,000 after purchasing an additional 894,849 shares during the period. Institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Vertical Research started coverage on shares of Teradyne in a research report on Friday, March 7th. They issued a "buy" rating and a $135.00 price objective on the stock. Stifel Nicolaus reduced their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. TD Cowen decreased their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.56.

Teradyne Stock Down 1.9%

Shares of TER traded down $1.51 during trading hours on Monday, hitting $76.98. 1,813,187 shares of the company were exchanged, compared to its average volume of 2,589,427. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 2.83 and a beta of 1.70. The firm's fifty day moving average is $78.16 and its 200 day moving average is $103.32.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The business had revenue of $685.70 million during the quarter, compared to analysts' expectations of $680.54 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. Teradyne's revenue was up 14.3% compared to the same quarter last year. Analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, May 22nd. Teradyne's payout ratio is 13.56%.

Teradyne declared that its Board of Directors has approved a stock buyback plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

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.