Symmetry Investments LP Purchases New Holdings in Teradyne, Inc. (NASDAQ:TER)

Symmetry Investments LP purchased a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 41,900 shares of the company's stock, valued at approximately $5,276,000.

A number of other institutional investors and hedge funds have also modified their holdings of TER. Fuller & Thaler Asset Management Inc. raised its position in Teradyne by 62.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 104,034 shares of the company's stock worth $13,100,000 after purchasing an additional 40,098 shares in the last quarter. MGO One Seven LLC lifted its position in shares of Teradyne by 25.1% during the 4th quarter. MGO One Seven LLC now owns 5,156 shares of the company's stock worth $649,000 after buying an additional 1,035 shares during the period. Pinebridge Investments L.P. acquired a new stake in Teradyne in the 4th quarter valued at $2,570,000. Oxbow Capital Management HK Ltd bought a new stake in Teradyne in the fourth quarter valued at $8,814,000. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of Teradyne by 7.8% during the fourth quarter. State of Tennessee Department of Treasury now owns 52,832 shares of the company's stock valued at $6,653,000 after acquiring an additional 3,815 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

Shares of Teradyne stock opened at $71.29 on Wednesday. The firm has a fifty day moving average of $90.55 and a two-hundred day moving average of $110.03. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21.

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 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%. As a group, research analysts forecast that Teradyne, Inc. will post 3.88 EPS 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 0.67%. The ex-dividend date was Friday, February 14th. Teradyne's payout ratio is presently 14.41%.

Insiders Place Their Bets

In other Teradyne news, insider Richard John Burns sold 445 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. This represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the transaction, the chief financial officer now owns 30,446 shares in the company, valued at $3,105,492. This trade represents a 1.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,399 shares of company stock worth $612,734. Company insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

TER has been the topic of several analyst reports. UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a "buy" rating 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 for the company in a report on Friday, January 31st. TD Cowen reduced their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Finally, Robert W. Baird cut their price objective on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $118.94.

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.

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