Nikko Asset Management Americas Inc. Trims Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Nikko Asset Management Americas Inc. reduced its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,364,536 shares of the company's stock after selling 70,048 shares during the period. Teradyne makes up approximately 1.4% of Nikko Asset Management Americas Inc.'s portfolio, making the stock its 16th biggest position. Nikko Asset Management Americas Inc. owned about 0.89% of Teradyne worth $148,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC increased its stake in Teradyne by 3.9% during the third quarter. FMR LLC now owns 11,533,715 shares of the company's stock worth $1,158,677,000 after purchasing an additional 437,054 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Teradyne by 2.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company's stock worth $445,254,000 after buying an additional 106,848 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Teradyne by 26.9% during the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company's stock worth $473,265,000 after buying an additional 923,612 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Teradyne by 4.6% during the third quarter. Nordea Investment Management AB now owns 3,177,256 shares of the company's stock worth $321,062,000 after buying an additional 140,579 shares in the last quarter. Finally, Boston Partners grew its position in shares of Teradyne by 23.2% during the fourth quarter. Boston Partners now owns 2,896,349 shares of the company's stock worth $314,324,000 after buying an additional 544,482 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Up 0.3 %

Shares of TER traded up $0.42 during trading hours on Friday, reaching $131.91. 1,968,117 shares of the company traded hands, compared to its average volume of 1,984,699. The stock has a market capitalization of $20.59 billion, a PE ratio of 50.00 and a beta of 1.50. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $133.46. The stock has a fifty day simple moving average of $110.97 and a 200 day simple moving average of $103.35.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.18. The firm had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. Research analysts predict that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 22nd will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 21st. This represents a $0.48 annualized dividend and a dividend yield of 0.36%. Teradyne's payout ratio is currently 18.25%.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 3,750 shares of the firm's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the sale, the director now directly owns 17,142 shares in the company, valued at approximately $2,077,610.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the sale, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The disclosure for this sale can be found here. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TER. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $110.00 price target on shares of Teradyne in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their price target on Teradyne from $100.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. The Goldman Sachs Group upped their price target on Teradyne from $107.00 to $118.00 and gave the company a "neutral" rating in a report on Friday, April 26th. Robert W. Baird increased their price objective on Teradyne from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Finally, Susquehanna increased their price objective on Teradyne from $125.00 to $130.00 and gave the company a "positive" rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $117.83.

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.

Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.