Cinctive Capital Management LP Increases Stake in Teradyne, Inc. (NASDAQ:TER)

Cinctive Capital Management LP boosted its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 1,496.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 79,809 shares of the company's stock after purchasing an additional 74,809 shares during the period. Cinctive Capital Management LP's holdings in Teradyne were worth $10,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. Vanguard Group Inc. raised its stake in shares of Teradyne by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock worth $2,569,511,000 after purchasing an additional 92,428 shares during the period. State Street Corp increased its holdings in Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company's stock worth $921,458,000 after buying an additional 350,002 shares during the last quarter. Van ECK Associates Corp raised its position in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the period. Geode Capital Management LLC grew its position in shares of Teradyne by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock valued at $515,665,000 after acquiring an additional 94,374 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Teradyne by 16.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after acquiring an additional 393,175 shares during the period. Hedge funds and other institutional investors own 99.77% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald lowered their price target on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Bank of America dropped their price target on Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price objective on Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. TD Cowen dropped their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Finally, Stifel Nicolaus lowered their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of "Moderate Buy" and an average price target of $121.44.

Teradyne Price Performance

Shares of NASDAQ:TER traded up $1.55 on Monday, hitting $70.27. The company's stock had a trading volume of 2,548,443 shares, compared to its average volume of 3,124,188. The company has a market capitalization of $11.30 billion, a PE ratio of 21.11, a PEG ratio of 2.83 and a beta of 1.65. The company has a 50-day simple moving average of $102.41 and a 200 day simple moving average of $115.55. 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 announced its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates 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 research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given 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 0.68%. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the transaction, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Burns sold 407 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 of the company's stock, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,399 shares of company stock valued at $612,734 over the last 90 days. 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.