825 Shares in Teradyne, Inc. (NASDAQ:TER) Bought by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 825 shares of the company’s stock, valued at approximately $104,000.

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

Teradyne Price Performance

Shares of NASDAQ TER opened at $129.92 on Monday. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The firm has a 50-day simple moving average of $123.95 and a two-hundred day simple moving average of $126.23. The company has a market cap of $21.16 billion, a P/E ratio of 41.24, a PEG ratio of 2.25 and a beta of 1.46.

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 dividend yield of 0.37%. The ex-dividend date was Monday, November 25th. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne announced that its board has authorized a stock buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have issued reports on TER shares. Craig Hallum reduced their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $117.00 to $154.00 in a research note on Monday, January 6th. Finally, Stifel Nicolaus lowered their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. One 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. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus price target of $149.31.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated 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 sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is owned by company insiders.

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.