Robeco Schweiz AG Has $41.12 Million Position in Teradyne, Inc. (NASDAQ:TER)

Robeco Schweiz AG decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 13.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,519 shares of the company’s stock after selling 48,645 shares during the quarter. Robeco Schweiz AG owned approximately 0.20% of Teradyne worth $41,115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TER. National Pension Service boosted its stake in shares of Teradyne by 4.3% in the fourth quarter. National Pension Service now owns 252,482 shares of the company’s stock valued at $31,793,000 after buying an additional 10,430 shares during the period. ARK Investment Management LLC raised its holdings in shares of Teradyne by 25.5% during the 4th quarter. ARK Investment Management LLC now owns 1,923,010 shares of the company’s stock worth $242,145,000 after buying an additional 390,397 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Teradyne by 3.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 115,420 shares of the company’s stock valued at $14,534,000 after buying an additional 3,810 shares in the last quarter. Artemis Wealth Advisors LLC bought a new position in Teradyne in the fourth quarter valued at about $1,259,000. Finally, Bank of New York Mellon Corp raised its stake in Teradyne by 13.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,482,750 shares of the company’s stock worth $186,708,000 after acquiring an additional 176,043 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 1,384 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 36,576 shares of the company’s stock, valued at $4,077,858.24. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 in the last quarter. Insiders own 0.18% of the company’s stock.

Teradyne Stock Up 3.1 %

NASDAQ TER opened at $114.81 on Thursday. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.83 and a beta of 1.45. The company has a 50-day simple moving average of $124.16 and a two-hundred day simple moving average of $122.86. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21.

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

Teradyne announced that its Board of Directors has authorized a share repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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 given a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.42%. Teradyne’s payout ratio is currently 14.41%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TER. JPMorgan Chase & Co. dropped their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a report on Thursday, January 30th. Northland Securities lowered their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Finally, UBS Group cut their target price on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.77.

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.