SBI Okasan Asset Management Co.Ltd. Makes New $276,000 Investment in Teradyne, Inc. $TER

SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,396 shares of the company’s stock, valued at approximately $276,000.

Several other institutional investors and hedge funds have also made changes to their positions in TER. Stephens Inc. AR boosted its position in shares of Teradyne by 1.2% in the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after purchasing an additional 41 shares during the period. Sapient Capital LLC boosted its position in shares of Teradyne by 1.5% in the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock valued at $560,000 after purchasing an additional 43 shares during the period. IFP Advisors Inc boosted its position in shares of Teradyne by 2.1% in the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $529,000 after purchasing an additional 57 shares during the period. Quent Capital LLC boosted its position in shares of Teradyne by 3.8% in the 4th quarter. Quent Capital LLC now owns 1,738 shares of the company’s stock valued at $336,000 after purchasing an additional 63 shares during the period. Finally, Huntington National Bank boosted its position in shares of Teradyne by 1.8% in the 3rd quarter. Huntington National Bank now owns 3,566 shares of the company’s stock valued at $491,000 after purchasing an additional 64 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on TER shares. UBS Group upped their price objective on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Susquehanna upped their price objective on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research note on Thursday, April 9th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Citigroup upped their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $339.80.

Insider Activity at Teradyne

In related news, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the transaction, the insider owned 15,066 shares in the company, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction on Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of the transaction, the chief executive officer owned 124,470 shares in the company, valued at $42,192,840.60. The trade was a 6.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 10,941 shares of company stock worth $3,751,992. 0.19% of the stock is owned by insiders.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $374.31 on Friday. The business’s fifty day moving average price is $348.35 and its two-hundred day moving average price is $276.44. The stock has a market cap of $58.59 billion, a PE ratio of 69.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.79. Teradyne, Inc. has a one year low of $77.02 and a one year high of $422.11.

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

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. Teradyne’s 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.