Polymer Capital Management HK LTD Takes Position in Teradyne, Inc. (NASDAQ:TER)

Polymer Capital Management HK LTD acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,979 shares of the company's stock, valued at approximately $1,634,000.

Other large investors have also modified their holdings of the company. Roberts Glore & Co. Inc. IL increased its position in Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock worth $517,000 after buying an additional 90 shares during the period. GAMMA Investing LLC raised its position in 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 boosted its stake in Teradyne by 0.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company's stock worth $2,666,000 after purchasing an additional 108 shares during the period. CIBC Private Wealth Group LLC grew its position in Teradyne by 4.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company's stock worth $429,000 after purchasing an additional 119 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in Teradyne by 5.8% in the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock valued at $283,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Insiders Place Their Bets

In other Teradyne news, insider Richard John Burns sold 445 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the transaction, the insider now directly owns 25,191 shares in the company, valued at approximately $2,808,544.59. This represents a 1.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Mehta sold 614 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the sale, the chief financial officer now directly owns 30,446 shares in the company, valued at $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,399 shares of company stock worth $612,734. Insiders own 0.36% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on TER shares. Vertical Research initiated coverage on Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 price target on the stock. Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. TD Cowen decreased their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Northland Securities dropped their price objective on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Finally, Morgan Stanley cut their price objective on shares of Teradyne from $112.00 to $81.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average price target of $121.44.

Teradyne Stock Up 1.7 %

Shares of TER traded up $1.23 on Friday, reaching $73.52. The stock had a trading volume of 1,419,993 shares, compared to its average volume of 2,519,916. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The firm has a market capitalization of $11.83 billion, a PE ratio of 21.77, a PEG ratio of 2.83 and a beta of 1.65. The firm has a 50-day moving average of $97.09 and a 200 day moving average of $113.37.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.65%. Teradyne's dividend payout ratio (DPR) is currently 14.41%.

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.