PAX Financial Group LLC Makes New $942,000 Investment in Teradyne, Inc. (NASDAQ:TER)

PAX Financial Group LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,477 shares of the company's stock, valued at approximately $942,000.

A number of other large investors also recently modified their holdings of the company. Compass Financial Services Inc bought a new stake in Teradyne in the 4th quarter worth $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 in the last quarter. Manchester Capital Management LLC lifted its holdings in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after buying an additional 227 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in Teradyne during the fourth quarter valued at $45,000. Finally, Atala Financial Inc purchased a new stake in shares of Teradyne in the 4th quarter worth about $47,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Shares of TER traded up $2.68 during mid-day trading on Wednesday, hitting $70.64. 1,389,150 shares of the stock were exchanged, compared to its average volume of 2,470,862. The firm has a 50-day moving average of $99.30 and a two-hundred day moving average of $114.37. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The company has a market cap of $11.36 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.

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Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate 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 predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is 14.41%.

Insider Buying and Selling

In other Teradyne news, CFO Sanjay Mehta sold 1,384 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Burns sold 407 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 value of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares of the company's stock, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,399 shares of company stock worth $612,734 over the last three months. 0.36% of the stock is owned by insiders.

Analyst Ratings Changes

TER has been the subject of a number of analyst reports. Vertical Research initiated coverage on shares of Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 target price for the company. KeyCorp lowered their price target on Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald lowered their price objective on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Finally, 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 report 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 given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $121.44.

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.