Allianz Asset Management GmbH Purchases 8,073 Shares of Teradyne, Inc. (NASDAQ:TER)

Allianz Asset Management GmbH boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,486 shares of the company’s stock after buying an additional 8,073 shares during the quarter. Allianz Asset Management GmbH’s holdings in Teradyne were worth $40,733,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans grew its position in shares of Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after buying an additional 104 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after acquiring an additional 105 shares during the period. TD Private Client Wealth LLC boosted its holdings in Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after acquiring an additional 108 shares during the last quarter. VELA Investment Management LLC increased its position in Teradyne by 0.9% during the 3rd quarter. VELA Investment Management LLC now owns 12,782 shares of the company’s stock valued at $1,712,000 after purchasing an additional 113 shares during the period. Finally, Outlook Wealth Advisors LLC raised its holdings in Teradyne by 4.0% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 3,057 shares of the company’s stock worth $409,000 after purchasing an additional 118 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on TER shares. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. Susquehanna upped their target price on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. KeyCorp lowered their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Trading Down 2.2 %

Teradyne stock opened at $115.91 on Friday. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45. The firm’s fifty day moving average price is $124.99 and its two-hundred day moving average price is $122.99. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21.

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 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%. On average, research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. Teradyne’s dividend payout ratio is presently 14.41%.

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

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 614 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00. Following the transaction, the chief financial officer now directly owns 30,446 shares of the company’s stock, valued at $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction dated 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 $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. 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 90 days. Insiders own 0.36% of the company’s stock.

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.