Sumitomo Mitsui Trust Group Inc. Purchases 131,152 Shares of Teradyne, Inc. (NASDAQ:TER)

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

Other large investors also recently modified their holdings of the company. National Pension Service lifted its stake in shares of Teradyne by 4.3% in the fourth quarter. National Pension Service now owns 252,482 shares of the company's stock valued at $31,793,000 after buying an additional 10,430 shares in the last quarter. New York Life Investment Management LLC raised its holdings in shares of Teradyne by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 24,212 shares of the company's stock worth $3,049,000 after acquiring an additional 172 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Teradyne by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 59,600 shares of the company's stock worth $7,505,000 after acquiring an additional 1,000 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Teradyne in the 4th quarter valued at about $12,118,000. Finally, Metis Global Partners LLC boosted its stake in Teradyne by 6.1% during the 4th quarter. Metis Global Partners LLC now owns 5,468 shares of the company's stock valued at $689,000 after purchasing an additional 314 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

TER stock traded up $2.26 during mid-day trading on Wednesday, hitting $94.18. The company had a trading volume of 4,257,425 shares, compared to its average volume of 2,712,859. The firm has a market cap of $15.11 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 3.93 and a beta of 1.70. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The stock's fifty day moving average price is $82.01 and its two-hundred day moving average price is $98.51.

Teradyne (NASDAQ:TER - Get Free Report) last announced 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. The business had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. Teradyne's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. Equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its Board of Directors has initiated a share repurchase program on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.51%. Teradyne's dividend payout ratio is currently 13.56%.

Analyst Ratings Changes

TER has been the subject of a number of recent research reports. UBS Group set a $130.00 price objective on Teradyne and gave the stock a "buy" rating in a report on Wednesday, March 12th. TD Cowen decreased their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Robert W. Baird lowered their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Bank of America cut their price objective 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. Finally, Citigroup reduced 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.33.

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.