Sumitomo Mitsui Trust Group Inc. Has $244.25 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Sumitomo Mitsui Trust Group Inc. boosted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 4.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,957,049 shares of the company's stock after buying an additional 131,152 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 1.84% of Teradyne worth $244,252,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of Teradyne during the fourth quarter valued at approximately $12,118,000. Park Avenue Securities LLC boosted its stake in Teradyne by 56.0% during the 1st quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock valued at $252,000 after purchasing an additional 1,093 shares in the last quarter. Inspire Advisors LLC increased its position in shares of Teradyne by 341.7% during the 4th quarter. Inspire Advisors LLC now owns 24,664 shares of the company's stock valued at $3,106,000 after purchasing an additional 19,080 shares during the period. California Public Employees Retirement System raised its stake in shares of Teradyne by 87.5% in the 4th quarter. California Public Employees Retirement System now owns 498,614 shares of the company's stock worth $62,785,000 after buying an additional 232,730 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Teradyne by 5.5% in the first quarter. Asset Management One Co. Ltd. now owns 68,612 shares of the company's stock valued at $5,667,000 after buying an additional 3,589 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TER. Cantor Fitzgerald set a $105.00 price target on shares of Teradyne and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a "buy" rating in a report on Wednesday, March 12th. Citigroup cut their target price on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Stifel Nicolaus decreased their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Finally, Vertical Research assumed coverage on Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Teradyne has a consensus rating of "Moderate Buy" and an average price target of $114.33.

Teradyne Trading Up 2.2%

NASDAQ TER traded up $2.00 during trading on Tuesday, reaching $91.92. 3,730,414 shares of the company's stock were exchanged, compared to its average volume of 2,706,586. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The company's fifty day simple moving average is $82.01 and its 200-day simple moving average is $98.51. The firm has a market capitalization of $14.75 billion, a PE ratio of 25.97, a P/E/G ratio of 3.93 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The firm had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. During the same quarter in the prior year, the business earned $0.51 EPS. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. Equities analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

Teradyne declared that its Board of Directors has approved a stock buyback program on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is 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.