Nissay Asset Management Corp Japan ADV Purchases 4,869 Shares of Teradyne, Inc. (NASDAQ:TER)

Nissay Asset Management Corp Japan ADV increased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,816 shares of the company's stock after purchasing an additional 4,869 shares during the quarter. Nissay Asset Management Corp Japan ADV owned approximately 0.05% of Teradyne worth $10,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TER. Harbor Capital Advisors Inc. raised its holdings in shares of Teradyne by 14.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,499 shares of the company's stock valued at $441,000 after purchasing an additional 452 shares during the period. Czech National Bank raised its holdings in shares of Teradyne by 6.2% in the 4th quarter. Czech National Bank now owns 35,312 shares of the company's stock valued at $4,446,000 after purchasing an additional 2,072 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of Teradyne in the 4th quarter valued at about $217,000. Assenagon Asset Management S.A. raised its holdings in shares of Teradyne by 1,767.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock valued at $116,233,000 after purchasing an additional 873,626 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Teradyne by 40.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 629 shares of the company's stock valued at $79,000 after purchasing an additional 180 shares during the period. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Down 0.7%

Shares of NASDAQ:TER opened at $84.27 on Thursday. The company's 50 day moving average price is $79.49 and its two-hundred day moving average price is $104.75. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The firm has a market cap of $13.52 billion, a PE ratio of 25.31, a PEG ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. 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 posted $0.51 EPS. The business's revenue was up 14.3% compared to the same quarter last year. On average, research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. Teradyne's dividend payout ratio is 13.56%.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TER shares. Northland Securities dropped their target price on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Cantor Fitzgerald lowered their price target on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Bank of America lowered their price target 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. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Finally, Stifel Nicolaus lowered their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and an average price target of $117.56.

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.

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.