Mn Services Vermogensbeheer B.V. Has $7.51 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,600 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Teradyne were worth $7,505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp increased its holdings in 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 purchasing an additional 350,002 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of 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 buying an additional 1,846,079 shares during the period. Geode Capital Management LLC increased its stake in shares of Teradyne by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock valued at $535,484,000 after buying an additional 209,868 shares during the period. Sumitomo Mitsui Trust Group Inc. increased 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 buying an additional 393,175 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Teradyne by 7.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock valued at $302,582,000 after buying an additional 157,838 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Trading Up 1.0 %

TER stock opened at $109.86 on Friday. The business’s 50-day moving average price is $123.51 and its two-hundred day moving average price is $122.67. The firm has a market cap of $17.77 billion, a PE ratio of 32.99, a P/E/G ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. On average, analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is 14.41%.

Teradyne announced that its board has initiated a share repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

TER has been the subject of several research reports. UBS Group lowered their target price on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Northland Securities lowered their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Susquehanna lifted their target price on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. One equities research 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.77.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

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.