E. Ohman J or Asset Management AB Boosts Stake in Teradyne, Inc. (NASDAQ:TER)

E. Ohman J or Asset Management AB increased its position in Teradyne, Inc. (NASDAQ:TER) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,100 shares of the company’s stock after buying an additional 1,500 shares during the period. E. Ohman J or Asset Management AB’s holdings in Teradyne were worth $1,020,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Teradyne in the third quarter worth approximately $29,000. Coastline Trust Co bought a new position in Teradyne in the third quarter worth approximately $46,000. Brooklyn Investment Group bought a new position in Teradyne in the third quarter worth approximately $52,000. Quarry LP grew its stake in Teradyne by 91.9% in the third quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after purchasing an additional 216 shares in the last quarter. Finally, Eastern Bank bought a new position in Teradyne in the third quarter worth approximately $67,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TER shares. Evercore ISI increased their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Northland Securities dropped their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Teradyne Stock Up 0.8 %

NASDAQ:TER opened at $112.61 on Thursday. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21. The stock has a market capitalization of $18.34 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45. The stock’s 50-day moving average price is $125.52 and its 200-day moving average price is $124.28.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Sell-side analysts expect that Teradyne, Inc. will post 4.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Teradyne announced that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00. Following the sale, the vice president now owns 4,312 shares of the company’s stock, valued at approximately $439,824. The trade was a 9.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

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.