Resona Asset Management Co. Ltd. Decreases Holdings in Teradyne, Inc. $TER

Resona Asset Management Co. Ltd. cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 6.2% in the 4th quarter, HoldingsChannel reports. The firm owned 47,478 shares of the company’s stock after selling 3,153 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Teradyne were worth $9,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of Teradyne during the 3rd quarter valued at $31,000. Davidson Capital Management Inc. purchased a new stake in shares of Teradyne during the 3rd quarter valued at $31,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Teradyne during the 2nd quarter valued at $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Teradyne during the 4th quarter valued at $37,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Teradyne during the 3rd quarter valued at $41,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TER shares. Morgan Stanley set a $387.00 price objective on Teradyne in a report on Thursday, April 30th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 30th. Citigroup lifted their price objective on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, TD Cowen reissued a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $339.80.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer owned 124,470 shares in the company, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Teradyne Stock Up 2.6%

TER stock opened at $353.44 on Friday. The firm has a market capitalization of $55.33 billion, a PE ratio of 65.45, a PEG ratio of 1.42 and a beta of 1.79. Teradyne, Inc. has a twelve month low of $75.99 and a twelve month high of $422.11. The stock has a 50-day simple moving average of $339.03 and a two-hundred day simple moving average of $269.05.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. On average, equities research analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.13 per share. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s dividend payout ratio is 9.63%.

About Teradyne

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.