Melqart Asset Management UK Ltd Invests $3.56 Million in Teradyne, Inc. (NASDAQ:TER)

Melqart Asset Management UK Ltd acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,250 shares of the company’s stock, valued at approximately $3,557,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TER. Norges Bank acquired a new stake in shares of Teradyne during the 4th quarter valued at $270,989,000. Van ECK Associates Corp grew its stake in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Teradyne in the 4th quarter worth about $160,087,000. Assenagon Asset Management S.A. raised its stake in shares of Teradyne by 1,767.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after purchasing an additional 873,626 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Teradyne by 38.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,873,936 shares of the company’s stock valued at $235,966,000 after buying an additional 523,296 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In related news, VP Ryan Driscoll sold 437 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 4,312 shares of the company’s stock, valued at $439,824. The trade was a 9.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sanjay Mehta sold 614 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the transaction, the chief financial officer now owns 30,446 shares in the company, valued at approximately $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,399 shares of company stock valued at $612,734. 0.16% of the stock is currently owned by company insiders.

Teradyne Stock Performance

NASDAQ TER opened at $77.12 on Friday. The firm’s fifty day moving average price is $88.28 and its two-hundred day moving average price is $108.91. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The stock has a market cap of $12.40 billion, a PE ratio of 23.16, a PEG ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate 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, sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TER shares. TD Cowen decreased their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Bank of America lowered their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. UBS Group set a $130.00 price objective on Teradyne and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Cantor Fitzgerald lowered their target price on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Finally, Citigroup reduced their price objective on Teradyne from $130.00 to $100.00 and set a “buy” 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.94.

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.