Pinpoint Asset Management Ltd Takes Position in Teradyne, Inc. (NASDAQ:TER)

Pinpoint Asset Management Ltd purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 37,493 shares of the company's stock, valued at approximately $4,721,000. Teradyne makes up 0.9% of Pinpoint Asset Management Ltd's investment portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after buying an additional 1,846,079 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Teradyne in the 4th quarter valued at $12,118,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock worth $10,325,000 after acquiring an additional 11,541 shares during the period. Franklin Resources Inc. lifted its position in Teradyne by 30.5% during the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock valued at $11,878,000 after purchasing an additional 20,762 shares during the period. Finally, Empowered Funds LLC grew its position in Teradyne by 16.2% during the 4th quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock worth $3,811,000 after purchasing an additional 4,212 shares during the period. Hedge funds and other institutional investors own 99.77% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently commented on the company. Vertical Research initiated coverage on Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 target price on the stock. TD Cowen decreased their target price on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Robert W. Baird dropped their price target 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. Stifel Nicolaus decreased their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research report on Wednesday, March 12th. Finally, UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.44.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ryan Driscoll sold 437 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the transaction, the vice president now owns 4,312 shares of the company's stock, valued at $439,824. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,399 shares of company stock valued at $612,734. Company insiders own 0.36% of the company's stock.

Teradyne Trading Up 4.1 %

Teradyne stock traded up $2.77 during mid-day trading on Wednesday, hitting $70.73. The company's stock had a trading volume of 1,389,150 shares, compared to its average volume of 2,470,862. The stock's fifty day moving average is $99.30 and its two-hundred day moving average is $114.37. The firm has a market capitalization of $11.38 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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, equities analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio is presently 14.41%.

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.