Marshall Wace LLP Raises Holdings in Teradyne, Inc. (NASDAQ:TER)

Marshall Wace LLP raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 557.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,238 shares of the company’s stock after buying an additional 234,222 shares during the period. Marshall Wace LLP’s holdings in Teradyne were worth $34,784,000 at the end of the most recent reporting period.

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

Teradyne Price Performance

NASDAQ TER opened at $71.14 on Friday. The firm has a market cap of $11.44 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. The stock’s 50-day moving average is $92.22 and its two-hundred day moving average is $110.99. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21.

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

Teradyne Dividend Announcement

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

Insider Transactions at Teradyne

In other news, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the transaction, the vice president now owns 4,312 shares of the company’s stock, valued at $439,824. This represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 445 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the transaction, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,399 shares of company stock valued at $612,734. 0.36% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. TD Cowen cut their target price on Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Vertical Research assumed coverage on shares of Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 target price for the company. UBS Group set a $130.00 price target on Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. Bank of America cut their price objective on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Finally, Stifel Nicolaus dropped their target price on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.