Oxbow Capital Management HK Ltd Makes New $8.81 Million Investment in Teradyne, Inc. (NASDAQ:TER)

Oxbow Capital Management HK Ltd bought a new position in Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 70,000 shares of the company's stock, valued at approximately $8,814,000. Teradyne makes up 3.1% of Oxbow Capital Management HK Ltd's portfolio, making the stock its 9th biggest holding.

A number of other large investors also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in shares of Teradyne during the 4th quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Teradyne during the 4th quarter valued at approximately $34,000. AllSquare Wealth Management LLC increased its stake in shares of Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after purchasing an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in Teradyne during the fourth quarter valued at $45,000. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Performance

NASDAQ:TER traded up $4.12 during trading hours on Thursday, reaching $77.30. The company's stock had a trading volume of 3,576,370 shares, compared to its average volume of 2,577,286. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 2.83 and a beta of 1.65. The firm has a 50-day simple moving average of $89.75 and a 200-day simple moving average of $109.78. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last released its 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%. Equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TER. Bank of America decreased their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. TD Cowen lowered their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Stifel Nicolaus cut their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Susquehanna lowered their target price on shares of Teradyne from $165.00 to $155.00 and set a "positive" rating on the stock in a report on Wednesday, March 12th. Finally, Cantor Fitzgerald cut their price target on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Teradyne has a consensus rating of "Moderate Buy" and an average price target of $118.94.

Insider Buying and Selling at Teradyne

In related news, VP Ryan Driscoll sold 437 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the transaction, the vice president now owns 4,312 shares in the company, valued at $439,824. This represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction 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 completion of the sale, the chief financial officer now owns 33,308 shares in the company, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,399 shares of company stock worth $612,734. 0.16% of the stock is currently owned by company insiders.

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.