Proficio Capital Partners LLC Takes Position in Teradyne, Inc. (NASDAQ:TER)

Proficio Capital Partners LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 96,237 shares of the company's stock, valued at approximately $12,118,000. Proficio Capital Partners LLC owned about 0.06% of Teradyne as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TER. Compass Financial Services Inc acquired a new position in shares of Teradyne in the 4th quarter valued at $33,000. Manchester Capital Management LLC lifted its stake in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after buying an additional 227 shares during the period. Coastline Trust Co bought a new position in Teradyne during the third quarter worth about $46,000. Brooklyn Investment Group acquired a new position in shares of Teradyne during the 3rd quarter worth about $52,000. Finally, Quarry LP increased its stake in shares of Teradyne by 91.9% in the 3rd quarter. Quarry LP now owns 451 shares of the company's stock valued at $60,000 after acquiring an additional 216 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares of the company's stock, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard John Burns sold 445 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the transaction, the insider now owns 25,191 shares in the company, valued at $2,808,544.59. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,479 shares of company stock worth $1,013,134. Company insiders own 0.36% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have commented on TER. TD Cowen lowered 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 reduced their target price on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Northland Securities lowered their price target on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Susquehanna dropped their target price on shares of Teradyne from $165.00 to $155.00 and set a "positive" rating on the stock in a report on Wednesday, March 12th. Finally, Vertical Research initiated coverage on shares of Teradyne in a research report on Friday, March 7th. They set a "buy" rating and a $135.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $121.44.

Teradyne Price Performance

TER stock traded down $0.38 during mid-day trading on Wednesday, reaching $88.49. The company had a trading volume of 1,977,661 shares, compared to its average volume of 2,280,173. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 52 week low of $82.98 and a 52 week high of $163.21. The stock has a 50 day simple moving average of $115.61 and a two-hundred day simple moving average of $119.55.

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

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.54%. Teradyne's dividend payout ratio (DPR) is currently 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.