Forum Financial Management LP Acquires New Shares in Teradyne, Inc. (NASDAQ:TER)

Forum Financial Management LP bought a new position in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,870 shares of the company’s stock, valued at approximately $487,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after buying an additional 1,846,079 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Teradyne in the fourth quarter worth $12,118,000. Franklin Resources Inc. grew its stake in shares of Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after purchasing an additional 20,762 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Teradyne by 16.2% during the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company’s stock valued at $3,811,000 after purchasing an additional 4,212 shares during the period. Finally, Boston Trust Walden Corp raised its stake in shares of Teradyne by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company’s stock valued at $51,398,000 after purchasing an additional 13,020 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Trading Down 0.0 %

Shares of TER stock opened at $71.14 on Monday. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The stock’s fifty day simple moving average is $92.22 and its 200-day simple moving average is $110.73.

Teradyne (NASDAQ:TER) last released its earnings results 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, sell-side analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

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

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 437 shares of the firm’s 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 transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at approximately $439,824. This trade represents a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the sale, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at $4,013,947.08. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,399 shares of company stock worth $612,734. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TER. Cantor Fitzgerald lowered their target price on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Vertical Research initiated coverage on shares of Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 price objective on the stock. Northland Securities cut their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Bank of America decreased their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. cut their price objective on Teradyne from $120.00 to $92.00 and set an “overweight” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $118.94.

About Teradyne

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.