Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,682 shares of the company’s stock after purchasing an additional 359 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Teradyne were worth $627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Teradyne by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after purchasing an additional 135,286 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after acquiring an additional 57,989 shares during the last quarter. Van ECK Associates Corp grew its stake in Teradyne by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after acquiring an additional 183,721 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after acquiring an additional 374,522 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Teradyne by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock worth $299,073,000 after purchasing an additional 47,157 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. This trade represents a 14.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,352 shares of company stock valued at $1,899,353. 0.36% of the stock is currently owned by company insiders.

Teradyne Stock Down 3.7 %

Shares of NASDAQ TER opened at $102.58 on Friday. The business’s 50 day moving average is $122.33 and its two-hundred day moving average is $132.12. Teradyne, Inc. has a 52-week low of $90.24 and a 52-week high of $163.21. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 2.31 and a beta of 1.52.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Analysts anticipate that Teradyne, Inc. will post 3.15 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a stock buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.47%. Teradyne’s dividend payout ratio is presently 15.24%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Stifel Nicolaus reduced their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Robert W. Baird reduced their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Craig Hallum dropped their price target on shares of 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, six have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $142.62.

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.