Oribel Capital Management LP Buys Shares of 174,700 Teradyne, Inc. (NASDAQ:TER)

Oribel Capital Management LP acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 174,700 shares of the company's stock, valued at approximately $21,998,000. Teradyne comprises about 0.8% of Oribel Capital Management LP's portfolio, making the stock its 26th biggest holding. Oribel Capital Management LP owned approximately 0.11% of Teradyne at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Hurley Capital LLC bought a new position in Teradyne during the fourth quarter worth $110,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Teradyne in the 4th quarter valued at about $69,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Teradyne during the 4th quarter valued at about $5,975,000. Pinpoint Asset Management Ltd acquired a new stake in Teradyne during the fourth quarter worth about $4,721,000. Finally, PAX Financial Group LLC acquired a new stake in Teradyne during the fourth quarter worth about $942,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Price Performance

Shares of TER traded up $0.57 during trading hours on Friday, hitting $72.86. 1,383,011 shares of the company were exchanged, compared to its average volume of 2,519,612. The firm has a fifty day simple moving average of $97.09 and a 200-day simple moving average of $113.37. The company has a market capitalization of $11.72 billion, a PE ratio of 21.93, a PEG ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21.

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Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly 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 return on equity of 19.08% and a net margin of 19.23%. Sell-side analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.66%. The ex-dividend date was Friday, February 14th. Teradyne's payout ratio is 14.41%.

Insider Buying and Selling at Teradyne

In other news, insider Richard John Burns sold 407 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 value of $49,047.57. Following the completion of the sale, the insider now directly owns 20,764 shares of the company's stock, valued at $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the business's 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. The trade was a 5.10 % 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 in the last three months. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. KeyCorp cut their price target on Teradyne from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Northland Securities dropped their price objective on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Susquehanna cut their price objective on shares of Teradyne from $165.00 to $155.00 and set a "positive" rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their target price on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a research 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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Teradyne has an average rating of "Moderate Buy" and an average price target of $121.44.

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.