Teradyne, Inc. $TER Position Lowered by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. trimmed its position in Teradyne, Inc. (NASDAQ:TERFree Report) by 9.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,631 shares of the company’s stock after selling 5,137 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Teradyne were worth $6,942,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Teradyne during the 3rd quarter valued at approximately $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne in the 2nd quarter valued at about $35,000. Hemington Wealth Management grew its position in shares of Teradyne by 43.2% during the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in Teradyne during the second quarter worth about $43,000. Finally, Bayforest Capital Ltd boosted its stake in Teradyne by 195.5% in the second quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock valued at $47,000 after acquiring an additional 346 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

Teradyne Stock Performance

NASDAQ TER opened at $238.94 on Wednesday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $240.03. The business’s fifty day moving average is $202.41 and its two-hundred day moving average is $154.76. The stock has a market capitalization of $37.42 billion, a P/E ratio of 86.89, a P/E/G ratio of 1.67 and a beta of 1.84.

Teradyne (NASDAQ:TERGet Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The business had revenue of $769.21 million for the quarter, compared to analysts’ expectations of $744.20 million. During the same period in the previous year, the firm posted $0.90 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, February 13th. Teradyne’s payout ratio is presently 17.45%.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TER shares. Citigroup increased their price target on Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a research report on Thursday, January 22nd. Industrial Alliance Securities set a $175.00 price target on shares of Teradyne in a report on Tuesday, October 28th. Susquehanna reaffirmed a “positive” rating and issued a $275.00 price objective on shares of Teradyne in a report on Monday, January 12th. Finally, Stifel Nicolaus lifted their price objective on shares of Teradyne from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $205.75.

Get Our Latest Stock Report on TER

Teradyne Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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