Phoenix Financial Ltd. Raises Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Phoenix Financial Ltd. grew its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 936.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 118,362 shares of the company's stock after purchasing an additional 106,943 shares during the period. Phoenix Financial Ltd. owned about 0.07% of Teradyne worth $14,904,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Financial Services Inc bought a new stake in Teradyne in the 4th quarter worth about $33,000. AllSquare Wealth Management LLC increased its position in shares of Teradyne by 200.0% during 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 during the last quarter. Manchester Capital Management LLC lifted its holdings in Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after acquiring an additional 227 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in Teradyne in the fourth quarter worth $45,000. Finally, Atala Financial Inc bought a new position in Teradyne in the 4th quarter valued at $47,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Up 0.6 %

Shares of TER traded up $0.46 during trading hours on Tuesday, reaching $74.32. 778,155 shares of the company's stock traded hands, compared to its average volume of 2,532,557. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The stock has a market cap of $11.95 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. The firm's 50 day simple moving average is $95.55 and its 200-day simple moving average is $112.37.

Remove Ads

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio is currently 14.41%.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the sale, the chief financial officer now owns 33,308 shares of the company's stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard John Burns sold 407 shares of the company'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 transaction, the insider now directly 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. In the last 90 days, insiders have sold 5,399 shares of company stock valued at $612,734. Insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on TER. KeyCorp reduced their price target on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. UBS Group set a $130.00 price target on shares of Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Stifel Nicolaus dropped their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird decreased their target price on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Finally, TD Cowen dropped their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.