Atala Financial Inc Acquires Shares of 373 Teradyne, Inc. (NASDAQ:TER)

Atala Financial Inc acquired a new stake in Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 373 shares of the company’s stock, valued at approximately $47,000.

A number of other hedge funds have also recently bought and sold shares of the company. Parnassus Investments LLC boosted its position in Teradyne by 8.4% in the 4th quarter. Parnassus Investments LLC now owns 242,068 shares of the company’s stock valued at $30,481,000 after buying an additional 18,733 shares during the last quarter. Impact Capital Partners LLC bought a new position in Teradyne in the 4th quarter valued at $507,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Teradyne by 98.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 59,623 shares of the company’s stock worth $7,552,000 after purchasing an additional 29,587 shares during the last quarter. Erste Asset Management GmbH boosted its position in shares of Teradyne by 9.7% in the 4th quarter. Erste Asset Management GmbH now owns 101,872 shares of the company’s stock worth $13,285,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Teradyne by 122.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,816 shares of the company’s stock worth $4,636,000 after purchasing an additional 20,232 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

TER opened at $86.74 on Friday. The business’s 50-day moving average price is $117.60 and its two-hundred day moving average price is $120.38. Teradyne, Inc. has a 1 year low of $82.98 and a 1 year high of $163.21. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released 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%. Sell-side analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company 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 dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is 14.41%.

Analysts Set New Price Targets

Several research firms have recently issued reports on TER. JPMorgan Chase & Co. reduced their price target on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday. Vertical Research began coverage on Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 price target on the stock. Robert W. Baird reduced their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday. UBS Group set a $130.00 price target on Teradyne and gave the stock a “buy” rating in a research report on Wednesday. Finally, Citigroup dropped their price objective on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.44.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

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.