Teradyne, Inc. (NASDAQ:TER) Shares Bought by United Asset Strategies Inc.

United Asset Strategies Inc. grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,151 shares of the company’s stock after buying an additional 3,943 shares during the period. United Asset Strategies Inc.’s holdings in Teradyne were worth $8,833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp grew its stake in shares of Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after buying an additional 350,002 shares during the period. Geode Capital Management LLC lifted its position in shares of Teradyne by 5.5% during the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after purchasing an additional 209,868 shares in the last quarter. Van ECK Associates Corp increased its stake in Teradyne by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock worth $383,501,000 after buying an additional 183,721 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Teradyne by 18.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after acquiring an additional 374,522 shares during the period. Finally, Aspex Management HK Ltd raised its stake in shares of Teradyne by 11.5% in the third quarter. Aspex Management HK Ltd now owns 2,387,433 shares of the company’s stock valued at $319,749,000 after acquiring an additional 246,914 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TER. Craig Hallum reduced their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Evercore ISI lifted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. Stifel Nicolaus reduced their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.31.

Teradyne Trading Down 1.4 %

Shares of NASDAQ TER opened at $129.92 on Monday. The stock has a market cap of $21.16 billion, a P/E ratio of 41.24, a P/E/G ratio of 2.25 and a beta of 1.46. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21. The stock has a 50 day moving average of $123.95 and a two-hundred day moving average of $126.23.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Monday, November 25th. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has initiated a stock repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is currently owned by insiders.

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.