Connor Clark & Lunn Investment Management Ltd. Purchases 20,232 Shares of Teradyne, Inc. (NASDAQ:TER)

Connor Clark & Lunn Investment Management Ltd. raised its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 122.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 36,816 shares of the company's stock after purchasing an additional 20,232 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Teradyne were worth $4,636,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TER. Van ECK Associates Corp boosted its position in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. bought a new position in Teradyne during the fourth quarter worth $160,087,000. Assenagon Asset Management S.A. grew its holdings in Teradyne by 1,767.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock worth $116,233,000 after purchasing an additional 873,626 shares during the period. Alkeon Capital Management LLC increased its stake in Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock valued at $153,218,000 after purchasing an additional 749,003 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Teradyne during the third quarter valued at about $91,129,000. 99.77% of the stock is owned by institutional investors.

Teradyne Trading Down 0.4 %

TER traded down $0.33 during trading on Thursday, reaching $88.18. The stock had a trading volume of 2,460,514 shares, compared to its average volume of 2,280,846. The stock's 50 day moving average is $114.63 and its two-hundred day moving average is $119.33. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a one year low of $82.98 and a one year high of $163.21.

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

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio is presently 14.41%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Northland Securities reduced their target price on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. UBS Group set a $130.00 target price on Teradyne and gave the stock a "buy" rating in a report on Wednesday, March 12th. KeyCorp decreased their price target on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Citigroup reduced their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Finally, Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $121.44.

Insider Buying and Selling

In related news, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the sale, the chief financial officer now directly owns 36,576 shares in the company, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,013,134 in the last quarter. Corporate insiders own 0.36% of the company's stock.

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.