Teradyne, Inc. (NASDAQ:TER) Stock Position Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 265.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,679 shares of the company's stock after buying an additional 17,928 shares during the quarter. Tower Research Capital LLC TRC's holdings in Teradyne were worth $3,108,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TER. Norges Bank purchased a new stake in Teradyne in the 4th quarter valued at approximately $270,989,000. Van ECK Associates Corp raised its holdings in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Teradyne in the 4th quarter valued at $160,087,000. Assenagon Asset Management S.A. raised its holdings in 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 acquiring an additional 873,626 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in Teradyne by 38.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,873,936 shares of the company's stock valued at $235,966,000 after acquiring an additional 523,296 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Insider Buying and Selling

In related news, insider Richard John Burns sold 407 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the transaction, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. This represents a 1.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,399 shares of company stock worth $612,734 in the last three months. 0.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Vertical Research assumed coverage on Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 price target for the company. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Cantor Fitzgerald cut their price target on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Finally, Bank of America dropped their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.94.

Teradyne Stock Down 0.2 %

Shares of TER traded down $0.18 during trading on Friday, reaching $77.12. The company's stock had a trading volume of 2,588,350 shares, compared to its average volume of 2,545,498. The company has a fifty day moving average of $88.28 and a two-hundred day moving average of $108.77. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The company has a market cap of $12.40 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, equities analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.62%. Teradyne's dividend payout ratio (DPR) is 14.41%.

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.