VELA Investment Management LLC Acquires 2,615 Shares of Teradyne, Inc. (NASDAQ:TER)

VELA Investment Management LLC boosted its position in Teradyne, Inc. (NASDAQ:TER) by 20.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,397 shares of the company’s stock after buying an additional 2,615 shares during the quarter. VELA Investment Management LLC’s holdings in Teradyne were worth $1,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Teradyne in the 3rd quarter valued at $29,000. Compass Financial Services Inc acquired a new position in Teradyne in the 4th quarter valued at $33,000. Manchester Capital Management LLC grew its stake in Teradyne by 264.0% in the 4th 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 last quarter. Coastline Trust Co acquired a new stake in Teradyne in the 3rd quarter worth $46,000. Finally, Brooklyn Investment Group acquired a new stake in Teradyne in the 3rd quarter worth $52,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TER shares. Northland Securities decreased their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. UBS Group decreased their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Susquehanna raised their price target on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $143.77.

Teradyne Trading Down 5.2 %

Shares of NASDAQ TER opened at $108.81 on Friday. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21. The company has a market cap of $17.60 billion, a PE ratio of 32.68, a P/E/G ratio of 2.83 and a beta of 1.45. The company has a 50-day moving average of $123.83 and a two-hundred day moving average of $122.76.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Teradyne declared that its Board of Directors has initiated a share buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the sale, the chief financial officer now owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. This represents a 1.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,479 shares of company stock valued at $1,013,134. Insiders own 0.18% 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.