Kornitzer Capital Management Inc. KS Takes $4.53 Million Position in Teradyne, Inc. (NASDAQ:TER)

Kornitzer Capital Management Inc. KS purchased a new position in Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 36,000 shares of the company's stock, valued at approximately $4,533,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the 3rd quarter valued at $29,000. Compass Financial Services Inc purchased a new position in Teradyne during the fourth quarter valued at $33,000. Manchester Capital Management LLC grew its stake in 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 in the last quarter. Coastline Trust Co purchased a new position in Teradyne during the third quarter valued at $46,000. Finally, Brooklyn Investment Group purchased a new position in Teradyne during the third quarter valued at $52,000. 99.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the sale, the insider now owns 25,191 shares in the company, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the sale, the chief financial officer now owns 36,576 shares of the company's stock, valued at $4,077,858.24. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock valued at $1,013,134. Company insiders own 0.36% of the company's stock.

Teradyne Trading Down 2.2 %

Shares of TER stock traded down $2.64 during trading hours on Friday, reaching $115.91. 2,493,646 shares of the stock were exchanged, compared to its average volume of 2,621,018. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21. The company's 50-day moving average price is $125.14 and its 200-day moving average price is $122.96. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 2.74 and a beta of 1.45.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS 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%. On average, sell-side analysts expect that Teradyne, Inc. will post 3.91 EPS for the current year.

Teradyne announced that its board has approved a stock repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently declared 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 of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. Teradyne's dividend payout ratio is presently 14.41%.

Analysts Set New Price Targets

TER has been the subject of several research analyst reports. JPMorgan Chase & Co. cut 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. Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Northland Securities cut their target price 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. Craig Hallum cut their target price on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Finally, Susquehanna raised their target price on shares of Teradyne from $145.00 to $165.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $143.77.

Teradyne Company 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.