Clune & Associates LTD. Buys Shares of 3,081 Teradyne, Inc. (NASDAQ:TER)

Clune & Associates LTD. purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,081 shares of the company’s stock, valued at approximately $388,000.

A number of other hedge funds have also recently bought and sold shares of TER. Roberts Glore & Co. Inc. IL raised its stake in shares of Teradyne by 2.2% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after acquiring an additional 90 shares during the period. Thrivent Financial for Lutherans boosted its stake in Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC raised its position in shares of Teradyne by 3.1% during the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after buying an additional 105 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Teradyne by 0.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after buying an additional 108 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in shares of Teradyne by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock worth $283,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TER. Morgan Stanley dropped their target price on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Robert W. Baird decreased their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Vertical Research assumed coverage on shares of Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective for the company. Susquehanna cut their target price on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research note on Wednesday, March 12th. Finally, KeyCorp lowered their target price on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’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 value 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ryan Driscoll sold 437 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 value of $44,574.00. Following the completion of the transaction, the vice president now directly owns 4,312 shares in the company, valued at $439,824. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,013,134 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Teradyne Stock Performance

Teradyne stock opened at $87.51 on Monday. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 52-week low of $82.98 and a 52-week high of $163.21. The stock’s 50 day moving average price is $112.72 and its two-hundred day moving average price is $118.67.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. On average, equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

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.