Cornerstone Investment Partners LLC Has $448,000 Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Cornerstone Investment Partners LLC boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 45.6% in the fourth quarter, HoldingsChannel reports. The firm owned 3,558 shares of the company’s stock after buying an additional 1,114 shares during the period. Cornerstone Investment Partners LLC’s holdings in Teradyne were worth $448,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp grew its holdings in shares of Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after buying an additional 1,846,079 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after buying an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in shares of Teradyne by 189.6% during the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after buying an additional 749,003 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Teradyne during the third quarter valued at about $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock valued at $355,837,000 after buying an additional 393,175 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

Shares of TER stock opened at $105.78 on Tuesday. The firm has a market cap of $17.11 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21. The firm’s 50-day simple moving average is $123.06 and its two-hundred day simple moving average is $122.44.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne declared that its board has approved a share buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 over the last quarter. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TER. Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 price objective on shares of Teradyne in a report on Thursday, January 30th. Northland Securities reduced their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, January 31st. UBS Group reduced their price objective on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, January 31st. Susquehanna raised their price target on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.77.

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.