Van ECK Associates Corp Purchases 1,846,079 Shares of Teradyne, Inc. (NASDAQ:TER)

Van ECK Associates Corp grew its position in shares of Teradyne, Inc. (NASDAQ:TER) by 59.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,928,143 shares of the company’s stock after buying an additional 1,846,079 shares during the period. Teradyne makes up 0.8% of Van ECK Associates Corp’s holdings, making the stock its 28th biggest position. Van ECK Associates Corp owned 3.03% of Teradyne worth $620,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne in the third quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new position in Teradyne in the 4th quarter valued at $33,000. Coastline Trust Co bought a new stake in shares of Teradyne during the 3rd quarter valued at $46,000. Brooklyn Investment Group acquired a new stake in shares of Teradyne during the 3rd quarter worth $52,000. Finally, Quarry LP increased its position in shares of Teradyne by 91.9% in the third quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on 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 directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 445 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the transaction, the insider now owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,479 shares of company stock valued at $1,013,134. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TER. UBS Group cut their price objective 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. Stifel Nicolaus cut their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Northland Securities lowered their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, Robert W. Baird reduced their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. One 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 issued a strong buy rating to the company. According to MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

Teradyne Stock Down 1.0 %

Shares of TER stock opened at $111.54 on Thursday. Teradyne, Inc. has a twelve month low of $95.80 and a twelve month high of $163.21. The stock’s fifty day simple moving average is $125.56 and its 200 day simple moving average is $123.34. The firm has a market capitalization of $18.17 billion, a P/E ratio of 33.50, a P/E/G ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER) last released its quarterly 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%. As a group, equities research analysts expect that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne announced that its board has authorized a stock buyback program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 0.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The firm 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 $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

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.