Teradyne, Inc. $TER Shares Purchased by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan boosted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 44.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,875 shares of the company’s stock after purchasing an additional 41,472 shares during the period. Nissay Asset Management Corp Japan owned approximately 0.09% of Teradyne worth $65,258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Carolina Wealth Advisors LLC grew its stake in shares of Teradyne by 42.5% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after buying an additional 34 shares during the period. Vestor Capital LLC raised its position in shares of Teradyne by 15.4% during the 1st quarter. Vestor Capital LLC now owns 285 shares of the company’s stock valued at $85,000 after buying an additional 38 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in Teradyne by 5.8% in the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock valued at $352,000 after acquiring an additional 40 shares during the last quarter. UMB Bank n.a. lifted its holdings in Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after acquiring an additional 40 shares during the last quarter. Finally, Stephens Inc. AR grew its position in Teradyne by 1.2% in the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Down 4.6%

Shares of NASDAQ TER opened at $354.97 on Friday. The business’s 50 day moving average is $380.37 and its two-hundred day moving average is $356.92. Teradyne, Inc. has a 52-week low of $109.56 and a 52-week high of $487.91. The firm has a market cap of $55.50 billion, a price-to-earnings ratio of 48.69, a PEG ratio of 0.75 and a beta of 1.78.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business posted $0.57 earnings per share. The company’s quarterly revenue was up 103.9% on a year-over-year basis. Analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is 7.13%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. The trade was a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Bank of America increased their price target on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded Teradyne from a “buy” rating to a “hold” rating in a research report on Saturday. Evercore restated an “outperform” rating and issued a $420.00 price objective on shares of Teradyne in a report on Thursday, July 30th. Finally, Susquehanna upped their target price on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.