Geode Capital Management LLC Acquires 94,374 Shares of Teradyne, Inc. (NASDAQ:TER)

Geode Capital Management LLC increased its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,105,505 shares of the company's stock after purchasing an additional 94,374 shares during the quarter. Geode Capital Management LLC owned 2.52% of Teradyne worth $515,665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Compass Financial Services Inc acquired a new position in Teradyne during the fourth quarter worth $33,000. AllSquare Wealth Management LLC increased its stake in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC raised its holdings in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after buying an additional 227 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Teradyne during the 4th quarter valued at $45,000. Finally, Atala Financial Inc acquired a new position in shares of Teradyne during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TER shares. Bank of America decreased their target price on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Northland Securities reduced their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. 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. Stifel Nicolaus lowered their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their target price on Teradyne from $145.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $121.44.

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Teradyne Stock Up 16.9 %

Shares of TER stock traded up $11.48 during trading hours on Wednesday, reaching $79.44. 8,844,368 shares of the stock traded hands, compared to its average volume of 2,504,164. The business has a fifty day moving average price of $97.86 and a 200 day moving average price of $113.77. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The firm has a market capitalization of $12.78 billion, a PE ratio of 23.86, a PEG ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping 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%. Research 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. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.60%. Teradyne's dividend payout ratio (DPR) is currently 14.41%.

Insider Buying and Selling

In related news, CFO Sanjay Mehta sold 1,789 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ryan Driscoll sold 437 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the sale, the vice president now directly owns 4,312 shares of the company's stock, valued at $439,824. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,399 shares of company stock worth $612,734. Insiders own 0.36% of the company's stock.

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.