Marshall Wace LLP Grows Stake in Teradyne, Inc. (NASDAQ:TER)

Marshall Wace LLP boosted its position in Teradyne, Inc. (NASDAQ:TER) by 557.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 276,238 shares of the company’s stock after purchasing an additional 234,222 shares during the quarter. Marshall Wace LLP owned about 0.17% of Teradyne worth $34,784,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TER. Compass Financial Services Inc acquired a new stake in shares of Teradyne in the 4th quarter worth $33,000. AllSquare Wealth Management LLC lifted its position in shares of 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 purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC boosted its position 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 period. Murphy & Mullick Capital Management Corp purchased a new position in Teradyne in the fourth 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. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

TER stock opened at $71.14 on Friday. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The company has a fifty day moving average of $92.22 and a 200-day moving average of $110.99. The stock has a market capitalization of $11.44 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating 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%. Equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.67%. Teradyne’s dividend payout ratio is presently 14.41%.

Insider Buying and Selling at Teradyne

In related news, 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 completion of the transaction, the chief financial officer now directly owns 30,446 shares in the company, valued at $3,105,492. The trade was a 1.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 445 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now owns 25,191 shares in the company, valued at $2,808,544.59. This represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,399 shares of company stock valued at $612,734. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TER shares. KeyCorp restated a “sector weight” rating on shares of Teradyne in a report on Thursday. Morgan Stanley decreased their price target on Teradyne from $81.00 to $69.00 and set an “underweight” rating for the company in a report on Wednesday. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Bank of America lowered their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Finally, Cantor Fitzgerald reduced their price objective on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.94.

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.