Smartleaf Asset Management LLC Grows Position in Teradyne, Inc. (NASDAQ:TER)

Smartleaf Asset Management LLC boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 8.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,851 shares of the company’s stock after buying an additional 293 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Teradyne were worth $488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Teradyne in the 3rd quarter valued at $29,000. Compass Financial Services Inc bought a new position in Teradyne in the 4th quarter valued at $33,000. Manchester Capital Management LLC grew its stake in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares during the period. Coastline Trust Co bought a new position in Teradyne in the 3rd quarter valued at $46,000. Finally, Brooklyn Investment Group bought a new position in Teradyne in the 3rd quarter valued at $52,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TER. Susquehanna upped their price objective on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Northland Securities reduced their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. Finally, KeyCorp cut their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Stock Down 3.7 %

Shares of NASDAQ TER opened at $105.78 on Tuesday. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21. The business has a 50-day simple moving average of $123.06 and a two-hundred day simple moving average of $122.44. The company has a market cap of $17.11 billion, a P/E ratio of 31.77, a P/E/G ratio of 2.83 and a beta of 1.45.

Teradyne (NASDAQ:TER) last issued 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 return on equity of 19.08% and a net margin of 19.23%. Equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently declared 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 0.45%. Teradyne’s payout ratio is currently 14.41%.

Teradyne declared that its Board of Directors has authorized a share buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction dated 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 owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 in the last 90 days. Corporate insiders own 0.36% 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.