Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 5.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,612 shares of the company's stock after purchasing an additional 3,589 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Teradyne were worth $5,667,000 as of its most recent SEC filing.

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

Teradyne Stock Performance

Shares of Teradyne stock traded up $2.17 during trading on Wednesday, reaching $94.09. The company had a trading volume of 2,311,887 shares, compared to its average volume of 2,705,485. The company has a market cap of $15.09 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 3.93 and a beta of 1.70. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The firm's fifty day moving average is $82.01 and its 200-day moving average is $98.51.

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

Teradyne declared that its board has initiated a share buyback program on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Teradyne Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Bank of America decreased their price target on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Stifel Nicolaus cut their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Two equities 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 company. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of "Moderate Buy" and an average price target of $114.33.

Teradyne Company 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.