National Pension Service Boosts Stock Position in Teradyne, Inc. (NASDAQ:TER)

National Pension Service raised its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 252,482 shares of the company’s stock after acquiring an additional 10,430 shares during the period. National Pension Service owned approximately 0.16% of Teradyne worth $31,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. Capital Performance Advisors LLP purchased a new stake in Teradyne during the 3rd quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new stake in Teradyne during the 4th quarter valued at approximately $33,000. Manchester Capital Management LLC raised its stake in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares during the last quarter. Coastline Trust Co acquired a new position in Teradyne during the 3rd quarter worth approximately $46,000. Finally, Brooklyn Investment Group acquired a new position in Teradyne during the 3rd quarter worth approximately $52,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $109.86 on Friday. The business’s fifty day moving average price is $123.51 and its two-hundred day moving average price is $122.67. The stock has a market cap of $17.77 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, January 29th. The company reported $0.95 EPS 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 research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Teradyne declared that its Board of Directors has authorized a stock repurchase program on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have issued reports on TER shares. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. UBS Group dropped their target price on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 target price on shares of Teradyne in a research report on Thursday, January 30th. Susquehanna boosted their target price on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. dropped their target price on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average 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 the stock in a transaction 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 transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the 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 directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,479 shares of company stock worth $1,013,134. 0.18% of the stock is owned by insiders.

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.