Clune & Associates LTD. Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

Clune & Associates LTD. purchased a new position in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,081 shares of the company’s stock, valued at approximately $388,000.

Several other institutional investors have also recently made changes to their positions in TER. Compass Financial Services Inc bought a new stake in shares of Teradyne in the 4th quarter valued at approximately $33,000. AllSquare Wealth Management LLC increased its holdings in shares of Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after acquiring an additional 200 shares during the period. Manchester Capital Management LLC increased its position in Teradyne by 264.0% during 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 in the last quarter. Atala Financial Inc acquired a new position in Teradyne during the 4th quarter valued at about $47,000. Finally, Brooklyn Investment Group acquired a new position in Teradyne during the 3rd quarter valued at about $52,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

TER stock opened at $87.51 on Monday. The stock has a market cap of $14.15 billion, a P/E ratio of 26.28, a P/E/G ratio of 2.83 and a beta of 1.46. The firm has a 50 day simple moving average of $112.72 and a 200 day simple moving average of $118.67. Teradyne, Inc. has a 52 week low of $82.98 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Sell-side analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. Teradyne’s dividend payout ratio is currently 14.41%.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard John Burns sold 407 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares in the company, valued at $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,479 shares of company stock worth $1,013,134. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TER shares. Northland Securities dropped their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Vertical Research started coverage on Teradyne in a research report on Friday, March 7th. They set a “buy” rating and a $135.00 price target on the stock. Robert W. Baird lowered their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. reduced their target price on Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Finally, Stifel Nicolaus cut their price target on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.44.

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.