Dakota Wealth Management Grows Stock Position in Teradyne, Inc. (NASDAQ:TER)

Dakota Wealth Management increased its holdings in Teradyne, Inc. (NASDAQ:TER) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,355 shares of the company’s stock after buying an additional 160 shares during the quarter. Dakota Wealth Management’s holdings in Teradyne were worth $674,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TER. Assenagon Asset Management S.A. grew its position in shares of Teradyne by 1,767.0% during 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 period. Alkeon Capital Management LLC grew its holdings in Teradyne by 189.6% during the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after purchasing an additional 749,003 shares during the period. Holocene Advisors LP purchased a new stake in Teradyne in the third quarter worth about $91,129,000. Sumitomo Mitsui Trust Group Inc. increased its position in Teradyne by 18.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after buying an additional 374,522 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after buying an additional 350,002 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TER. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Stifel Nicolaus decreased their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and raised their price target for the company from $117.00 to $154.00 in a report on Monday, January 6th. Finally, Craig Hallum dropped their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.31.

Teradyne Trading Down 1.4 %

Shares of NASDAQ TER opened at $129.92 on Friday. Teradyne, Inc. has a 12-month low of $92.29 and a 12-month high of $163.21. The firm’s 50-day moving average price is $123.95 and its 200-day moving average price is $126.64. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 41.24, a P/E/G ratio of 2.25 and a beta of 1.46.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. On average, equities analysts predict that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.37%. The ex-dividend date was Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Teradyne declared that its board has initiated a share buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.36% of the company’s stock.

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.