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

Cornerstone Investment Partners LLC grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 45.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,558 shares of the company’s stock after purchasing an additional 1,114 shares during the period. Cornerstone Investment Partners LLC’s holdings in Teradyne were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in shares of Teradyne by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,002,077 shares of the company’s stock worth $126,182,000 after purchasing an additional 33,236 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Teradyne by 29.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,492 shares of the company’s stock worth $188,000 after purchasing an additional 342 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Teradyne during the 4th quarter worth approximately $166,000. SBI Securities Co. Ltd. acquired a new stake in shares of Teradyne during the 4th quarter worth approximately $115,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Teradyne by 38.1% during the 4th quarter. Jones Financial Companies Lllp now owns 3,275 shares of the company’s stock worth $412,000 after acquiring an additional 904 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction 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 completion of the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the transaction, the insider now directly owns 25,191 shares of the company’s stock, valued at $2,808,544.59. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,479 shares of company stock valued at $1,013,134. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TER shares. Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced 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. UBS Group reduced their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Susquehanna increased their price target on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. One equities 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Stock Performance

TER stock opened at $105.78 on Tuesday. The company has a fifty day moving average price of $123.06 and a 200-day moving average price of $122.44. The company has a market capitalization of $17.11 billion, a P/E ratio of 31.77, a PEG 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.

Teradyne (NASDAQ:TER) last released 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%. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne declared that its Board of Directors has authorized a share repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

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 paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Friday, February 14th. Teradyne’s payout ratio is currently 14.41%.

About Teradyne

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.