Sumitomo Mitsui Trust Group Inc. Has $355.84 Million Position in Teradyne, Inc. (NASDAQ:TER)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 16.2% in the fourth quarter, Holdings Channel reports. The firm owned 2,825,897 shares of the company’s stock after acquiring an additional 393,175 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Teradyne were worth $355,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the 3rd quarter worth $29,000. Coastline Trust Co acquired a new position in Teradyne during the 3rd quarter worth $46,000. Brooklyn Investment Group bought a new stake in Teradyne during the third quarter valued at about $52,000. Quarry LP grew its position in shares of Teradyne by 91.9% in the third quarter. Quarry LP now owns 451 shares of the company’s stock valued at $60,000 after purchasing an additional 216 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of Teradyne during the 3rd quarter worth about $67,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group lowered their target price on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, January 31st. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Northland Securities decreased their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $143.77.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

Teradyne Price Performance

NASDAQ TER opened at $114.07 on Friday. The stock’s 50-day moving average is $125.64 and its 200-day moving average is $124.21. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The firm has a market cap of $18.58 billion, a P/E ratio of 34.26, a P/E/G ratio of 2.67 and a beta of 1.45.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities analysts anticipate that Teradyne, Inc. will post 4.02 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Teradyne declared that its board has authorized a share buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.