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) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,396 shares of the company’s stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TER. Integrated Wealth Concepts LLC increased its position in shares of Teradyne by 12.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after acquiring an additional 468 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Teradyne during the first quarter worth about $297,000. Cresset Asset Management LLC increased its position in shares of Teradyne by 11.6% during the second quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after acquiring an additional 702 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Teradyne by 467.1% during the second quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after acquiring an additional 2,807 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Teradyne by 5.1% during the second quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after acquiring an additional 3,651 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TER shares. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Evercore set a $370.00 target price on Teradyne in a research report on Thursday, April 30th. Morgan Stanley set a $387.00 target price on Teradyne in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group lifted their target price on Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $339.80.

Insider Activity at Teradyne

In related news, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the sale, the insider directly owned 15,722 shares of the company’s stock, valued at $5,581,310. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,941 shares of company stock valued at $3,751,992 over the last three months. 0.19% of the stock is owned by insiders.

Teradyne Stock Down 2.2%

Shares of Teradyne stock opened at $374.31 on Friday. The firm has a market cap of $58.59 billion, a P/E ratio of 69.32, a P/E/G ratio of 1.54 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $77.02 and a fifty-two week high of $422.11. The business has a 50-day moving average price of $348.35 and a 200 day moving average price of $276.44.

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

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be issued a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne’s dividend payout ratio is presently 9.63%.

Teradyne Company Profile

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.