Impact Capital Partners LLC Buys New Position in Teradyne, Inc. (NASDAQ:TER)

Impact Capital Partners LLC purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,027 shares of the company's stock, valued at approximately $507,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TER. Roberts Glore & Co. Inc. IL raised its stake in shares of Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock valued at $517,000 after purchasing an additional 90 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock valued at $858,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC raised its stake in shares of Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock valued at $434,000 after purchasing an additional 105 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company's stock valued at $2,666,000 after purchasing an additional 108 shares during the period. Finally, Citizens Financial Group Inc. RI raised its stake in shares of Teradyne by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock valued at $283,000 after purchasing an additional 124 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

TER has been the topic of a number of analyst reports. 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 research note on Wednesday, March 12th. Vertical Research initiated coverage on shares of Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 price objective on the stock. Stifel Nicolaus dropped their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, Northland Securities dropped their price target on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Two 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $121.44.

Teradyne Stock Down 1.4 %

Shares of NASDAQ:TER traded down $1.30 on Tuesday, reaching $88.87. 3,673,955 shares of the company's stock were exchanged, compared to its average volume of 2,275,994. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The business's 50-day moving average is $116.61 and its two-hundred day moving average is $119.88.

Teradyne (NASDAQ:TER - Get Free Report) last issued its 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 net margin of 19.23% and a return on equity of 19.08%. Analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.54%. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Insider Buying and Selling

In related news, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the 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 completion of the transaction, the chief executive officer now owns 74,660 shares of the company's stock, 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 valued at $1,013,134 in the last quarter. Company 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.