Daiwa Securities Group Inc. Purchases 2,390 Shares of Teradyne, Inc. (NASDAQ:TER)

Daiwa Securities Group Inc. increased its position in Teradyne, Inc. (NASDAQ:TER) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,170 shares of the company’s stock after acquiring an additional 2,390 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Teradyne were worth $3,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Teradyne during the 4th quarter worth about $160,087,000. Assenagon Asset Management S.A. raised its position in shares of Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after buying an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC lifted its stake in shares of Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after buying an additional 749,003 shares during the period. Finally, Holocene Advisors LP acquired a new stake in Teradyne during the third quarter worth about $91,129,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Transactions 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 shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the sale, the chief financial officer now owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 in the last three months. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the subject of a number of research reports. Susquehanna reduced their price objective on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research report on Wednesday. Vertical Research started coverage on Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 target price for the company. Northland Securities lowered their price target 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. Robert W. Baird reduced their price objective on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Stifel Nicolaus lowered their target price on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $123.69.

Teradyne Price Performance

TER stock opened at $85.33 on Friday. The stock has a market capitalization of $13.80 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The company has a 50 day moving average price of $118.48 and a 200 day moving average price of $120.70. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Teradyne’s dividend payout ratio is currently 14.41%.

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.