APG Asset Management N.V. Buys 85,065 Shares of Teradyne, Inc. (NASDAQ:TER)

APG Asset Management N.V. grew its stake in Teradyne, Inc. (NASDAQ:TER) by 816.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 95,481 shares of the company’s stock after buying an additional 85,065 shares during the period. APG Asset Management N.V.’s holdings in Teradyne were worth $11,611,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TER. Roberts Glore & Co. Inc. IL increased its position in Teradyne by 2.2% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after purchasing an additional 90 shares during the period. GAMMA Investing LLC boosted its stake in shares of Teradyne by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after purchasing an additional 105 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after buying an additional 108 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Teradyne by 4.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company’s stock valued at $429,000 after buying an additional 119 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in Teradyne by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock valued at $283,000 after acquiring an additional 124 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TER. Bank of America lowered their price objective on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Vertical Research initiated coverage on Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 price target on the stock. Citigroup reduced their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Finally, KeyCorp decreased their price target on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.44.

Teradyne Price Performance

TER opened at $72.29 on Friday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 2.83 and a beta of 1.65. The firm’s fifty day moving average price is $97.09 and its two-hundred day moving average price is $113.37.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, equities analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Insider Activity at Teradyne

In related news, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the transaction, the chief financial officer now owns 36,576 shares in the company, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,399 shares of company stock valued at $612,734. 0.36% of the stock is owned by insiders.

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.