Parnassus Investments LLC Increases Position in Teradyne, Inc. (NASDAQ:TER)

Parnassus Investments LLC lifted its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 242,068 shares of the company's stock after purchasing an additional 18,733 shares during the quarter. Parnassus Investments LLC owned about 0.15% of Teradyne worth $30,481,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Van ECK Associates Corp raised its position in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after buying an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Teradyne during the 4th quarter valued at about $160,087,000. Assenagon Asset Management S.A. raised its position in Teradyne by 1,767.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock valued at $116,233,000 after purchasing an additional 873,626 shares in the last quarter. Alkeon Capital Management LLC grew its position in shares of Teradyne by 189.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock worth $153,218,000 after buying an additional 749,003 shares in the last quarter. Finally, Holocene Advisors LP purchased a new position in shares of Teradyne during the third quarter valued at $91,129,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Performance

NASDAQ TER traded down $1.30 during mid-day trading on Tuesday, reaching $88.87. 3,673,956 shares of the stock were exchanged, compared to its average volume of 2,275,994. The company has a market capitalization of $14.37 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.83 and a beta of 1.46. The business's 50 day moving average is $116.61 and its 200-day moving average is $119.88. Teradyne, Inc. has a 1 year low of $82.98 and a 1 year high of $163.21.

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Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS 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 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 given a dividend of $0.12 per share. The ex-dividend date 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 14.41%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. 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. 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. Citigroup reduced their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. Finally, Northland Securities reduced their price target on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $121.44.

Insider Activity at Teradyne

In other news, insider Richard John Burns sold 445 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by company insiders.

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.