Tokio Marine Asset Management Co. Ltd. Buys 359 Shares of Teradyne, Inc. (NASDAQ:TER)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,682 shares of the company’s stock after buying an additional 359 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Teradyne were worth $627,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Metis Global Partners LLC lifted its holdings in shares of Teradyne by 5.7% in the 3rd quarter. Metis Global Partners LLC now owns 5,154 shares of the company’s stock worth $690,000 after buying an additional 279 shares during the period. Huntington National Bank raised its holdings in shares of Teradyne by 103.1% in the third quarter. Huntington National Bank now owns 581 shares of the company’s stock valued at $78,000 after acquiring an additional 295 shares in the last quarter. Parametrica Management Ltd purchased a new stake in Teradyne in the third quarter worth about $222,000. Victory Capital Management Inc. grew its holdings in Teradyne by 6.8% during the 3rd quarter. Victory Capital Management Inc. now owns 89,431 shares of the company’s stock worth $11,977,000 after acquiring an additional 5,686 shares in the last quarter. Finally, XXEC Inc. increased its position in Teradyne by 379.0% during the 3rd quarter. XXEC Inc. now owns 37,915 shares of the company’s stock valued at $5,078,000 after purchasing an additional 30,000 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a research report on Friday, August 16th. Craig Hallum dropped their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Robert W. Baird decreased their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Evercore ISI lifted their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Hold” and an average target price of $142.62.

Teradyne Price Performance

Shares of TER opened at $102.58 on Friday. The firm has a market capitalization of $16.71 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.52. The company’s fifty day moving average price is $122.33 and its 200-day moving average price is $132.12. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. During the same quarter in the previous year, the business earned $0.80 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts anticipate that Teradyne, Inc. will post 3.15 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s payout ratio is 15.24%.

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

Insider Activity

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now directly owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,352 shares of company stock valued at $1,899,353 in the last ninety days. Insiders own 0.36% of the company’s stock.

Teradyne 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.