VELA Investment Management LLC Has $1.94 Million Position in Teradyne, Inc. (NASDAQ:TER)

VELA Investment Management LLC boosted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,397 shares of the company’s stock after purchasing an additional 2,615 shares during the quarter. VELA Investment Management LLC’s holdings in Teradyne were worth $1,939,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TER. Proficio Capital Partners LLC acquired a new position in shares of Teradyne in the fourth quarter valued at approximately $12,118,000. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Teradyne by 1.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 59,600 shares of the company’s stock valued at $7,505,000 after buying an additional 1,000 shares during the period. New York Life Investment Management LLC boosted its holdings in shares of Teradyne by 0.7% in the fourth quarter. New York Life Investment Management LLC now owns 24,212 shares of the company’s stock valued at $3,049,000 after buying an additional 172 shares during the period. National Pension Service boosted its holdings in shares of Teradyne by 4.3% in the fourth quarter. National Pension Service now owns 252,482 shares of the company’s stock valued at $31,793,000 after buying an additional 10,430 shares during the period. Finally, ARK Investment Management LLC boosted its holdings in shares of Teradyne by 25.5% in the fourth quarter. ARK Investment Management LLC now owns 1,923,010 shares of the company’s stock valued at $242,145,000 after buying an additional 390,397 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. KeyCorp cut their price objective on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. Finally, UBS Group cut their price objective on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.77.

Teradyne Price Performance

NASDAQ:TER opened at $108.81 on Friday. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The company has a market cap of $17.60 billion, a P/E ratio of 32.68, a P/E/G ratio of 2.83 and a beta of 1.45. The firm’s fifty day moving average price is $123.83 and its two-hundred day moving average price is $122.76.

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

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. Teradyne’s dividend payout ratio is currently 14.41%.

Teradyne declared that its board has approved a stock buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Teradyne

In related news, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were 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 in the company, valued at approximately $439,824. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,013,134 over the last ninety days. Insiders own 0.18% of the company’s stock.

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.