Fuller & Thaler Asset Management Inc. Buys 40,098 Shares of Teradyne, Inc. (NASDAQ:TER)

Fuller & Thaler Asset Management Inc. lifted its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 62.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,034 shares of the company's stock after acquiring an additional 40,098 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.06% of Teradyne worth $13,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock valued at $2,569,511,000 after purchasing an additional 92,428 shares during the period. Van ECK Associates Corp lifted its position in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after buying an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC boosted its stake in Teradyne by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock worth $515,665,000 after buying an additional 94,374 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after acquiring an additional 393,175 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Teradyne by 4.0% during the 4th quarter. Invesco Ltd. now owns 2,403,193 shares of the company's stock worth $302,610,000 after purchasing an additional 92,195 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 445 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares of the company's stock, valued at approximately $2,808,544.59. This represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 614 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares in the company, valued at $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,096 shares of company stock valued at $335,199 in the last three months. Corporate insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

TER has been the subject of several recent research reports. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Susquehanna lowered their price objective on Teradyne from $165.00 to $155.00 and set a "positive" rating for the company in a research report on Wednesday, March 12th. KeyCorp restated a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Finally, Vertical Research initiated coverage on shares of Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $118.94.

Teradyne Trading Down 3.3 %

NASDAQ:TER traded down $2.50 during mid-day trading on Wednesday, reaching $72.39. 1,474,775 shares of the stock were exchanged, compared to its average volume of 2,562,003. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The firm has a market capitalization of $11.64 billion, a PE ratio of 21.74, a PEG ratio of 2.83 and a beta of 1.65. The business has a fifty day moving average price of $86.62 and a 200 day moving average price of $108.15.

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

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

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.