Artemis Wealth Advisors LLC Invests $1.26 Million in Teradyne, Inc. (NASDAQ:TER)

Artemis Wealth Advisors LLC bought a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company's stock, valued at approximately $1,259,000. Teradyne comprises approximately 0.2% of Artemis Wealth Advisors LLC's portfolio, making the stock its 20th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of TER. Capital Performance Advisors LLP acquired a new position in Teradyne during the 3rd quarter worth $29,000. Compass Financial Services Inc bought a new stake in shares of Teradyne during the fourth quarter worth $33,000. Manchester Capital Management LLC lifted its stake in shares of Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after acquiring an additional 227 shares during the period. Coastline Trust Co bought a new position in Teradyne in the third quarter valued at about $46,000. Finally, Brooklyn Investment Group acquired a new stake in Teradyne in the third quarter worth about $52,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Up 2.0 %

Shares of NASDAQ:TER traded up $2.22 during trading on Wednesday, hitting $113.57. 1,764,849 shares of the company were exchanged, compared to its average volume of 2,576,518. The business's 50 day moving average is $124.34 and its 200-day moving average is $122.91. The company has a market capitalization of $18.37 billion, a P/E ratio of 34.06, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21.

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

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. Teradyne's payout ratio is 14.41%.

Teradyne announced that its board has authorized a stock repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley lowered Teradyne from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on shares of Teradyne from $158.00 to $145.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Susquehanna upped their price objective on shares of Teradyne from $145.00 to $165.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, UBS Group dropped their price target on Teradyne from $160.00 to $155.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $143.77.

Insider Buying and Selling at Teradyne

In related news, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction on 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 directly owns 4,312 shares of the company's stock, valued at $439,824. The trade was a 9.20 % 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. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,013,134 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

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.