Talos Asset Management LP Purchases New Shares in Teradyne, Inc. (NASDAQ:TER)

Talos Asset Management LP bought a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 147,100 shares of the company's stock, valued at approximately $18,523,000. Teradyne makes up approximately 4.4% of Talos Asset Management LP's holdings, making the stock its 9th biggest holding. Talos Asset Management LP owned 0.09% of Teradyne as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Royal London Asset Management Ltd. grew its position in Teradyne by 5.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 72,781 shares of the company's stock valued at $9,165,000 after acquiring an additional 3,594 shares during the last quarter. Generali Investments Management Co LLC acquired a new stake in shares of Teradyne in the 4th quarter valued at approximately $475,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Teradyne during the 4th quarter valued at approximately $4,152,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Teradyne during the 4th quarter worth approximately $47,207,000. Finally, Nikko Asset Management Americas Inc. lifted its stake in Teradyne by 27.3% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 1,635,687 shares of the company's stock valued at $205,966,000 after purchasing an additional 350,623 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TER shares. Vertical Research began coverage on shares of Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 target price on the stock. TD Cowen reduced their price objective on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report 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. Citigroup reduced their price target on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Finally, Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.44.

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Teradyne Stock Performance

Shares of NASDAQ:TER traded up $3.49 during midday trading on Monday, reaching $91.00. The company's stock had a trading volume of 3,205,724 shares, compared to its average volume of 2,298,417. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The firm has a 50 day moving average price of $112.72 and a two-hundred day moving average price of $118.67. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 2.83 and a beta of 1.46.

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

Teradyne Dividend Announcement

The business also recently declared 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 0.53%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is currently 14.41%.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares of the company's stock, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard John Burns sold 407 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,479 shares of company stock worth $1,013,134. Company insiders own 0.36% of the company's stock.

Teradyne Company 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.