Keystone Investors PTE Ltd. Buys Shares of 326,881 Teradyne, Inc. (NASDAQ:TER)

Keystone Investors PTE Ltd. acquired a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 326,881 shares of the company's stock, valued at approximately $41,161,000. Teradyne accounts for about 2.9% of Keystone Investors PTE Ltd.'s holdings, making the stock its 12th biggest holding. Keystone Investors PTE Ltd. owned 0.20% of Teradyne as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TER. Compass Financial Services Inc bought a new stake in shares of Teradyne in the 4th quarter valued at about $33,000. AllSquare Wealth Management LLC boosted its holdings in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC boosted its holdings 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 acquiring an additional 227 shares during the last quarter. Atala Financial Inc bought a new position in Teradyne during the 4th quarter worth approximately $47,000. Finally, Brooklyn Investment Group bought a new stake in shares of Teradyne in the 3rd quarter valued at $52,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 in the company, 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 is accessible through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now directly owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.18% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on TER. Susquehanna lowered their price objective on Teradyne from $165.00 to $155.00 and set a "positive" rating for the company in a research report on Wednesday, March 12th. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Vertical Research started coverage on shares of Teradyne in a research note on Friday, March 7th. They issued a "buy" rating and a $135.00 price objective for the company. Morgan Stanley cut their target price on shares of Teradyne from $112.00 to $81.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Finally, Northland Securities decreased 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 analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.44.

Teradyne Trading Down 3.4 %

Shares of TER traded down $2.90 during trading hours on Friday, reaching $82.78. 2,363,794 shares of the stock traded hands, compared to its average volume of 2,392,806. Teradyne, Inc. has a 52 week low of $82.47 and a 52 week high of $163.21. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.83 and a beta of 1.46. The stock has a fifty day simple moving average of $107.90 and a 200 day simple moving average of $117.43.

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, topping analysts' consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's payout ratio is 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.