Sumitomo Mitsui Trust Holdings Inc. Lowers Position in Teradyne, Inc. (NASDAQ:TER)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Teradyne, Inc. (NASDAQ:TER) by 0.2% in the 1st quarter, HoldingsChannel reports. The firm owned 2,213,836 shares of the company’s stock after selling 4,221 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Teradyne were worth $249,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Teradyne in the 4th quarter valued at about $188,873,000. Van ECK Associates Corp increased its holdings in Teradyne by 26.9% in the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock valued at $473,265,000 after buying an additional 923,612 shares in the last quarter. Boston Partners boosted its stake in shares of Teradyne by 23.2% during the 4th quarter. Boston Partners now owns 2,896,349 shares of the company’s stock worth $314,324,000 after acquiring an additional 544,482 shares in the last quarter. KBC Group NV boosted its position in Teradyne by 1,544.3% during the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after purchasing an additional 444,442 shares in the last quarter. Finally, Kodai Capital Management LP acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $38,068,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TER. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price objective on shares of Teradyne in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised their price objective on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Susquehanna lifted their price objective on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, April 26th. Robert W. Baird raised their price target on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Evercore ISI assumed coverage on Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

Insider Activity at Teradyne

In other news, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the sale, the director now directly owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. Insiders have sold 10,005 shares of company stock valued at $1,304,763 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Teradyne Stock Up 1.4 %

Shares of NASDAQ:TER opened at $151.70 on Thursday. The company has a 50 day moving average of $137.09 and a two-hundred day moving average of $116.14. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $152.67. The company has a market capitalization of $23.68 billion, a price-to-earnings ratio of 57.68, a price-to-earnings-growth ratio of 2.82 and a beta of 1.50.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. During the same quarter in the previous year, the business posted $0.55 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Teradyne, Inc. will post 3.04 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were paid a $0.12 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.32%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Teradyne Company 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.