ARK Investment Management LLC Has $242.15 Million Position in Teradyne, Inc. (NASDAQ:TER)

ARK Investment Management LLC raised its position in shares of Teradyne, Inc. (NASDAQ:TER) by 25.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,923,010 shares of the company’s stock after acquiring an additional 390,397 shares during the period. Teradyne accounts for 2.0% of ARK Investment Management LLC’s investment portfolio, making the stock its 15th biggest position. ARK Investment Management LLC’s holdings in Teradyne were worth $242,145,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC raised its stake in Teradyne by 3.1% during the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after purchasing an additional 105 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Teradyne by 0.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after acquiring an additional 108 shares in the last quarter. VELA Investment Management LLC grew its holdings in shares of Teradyne by 0.9% during the 3rd quarter. VELA Investment Management LLC now owns 12,782 shares of the company’s stock valued at $1,712,000 after acquiring an additional 113 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in shares of Teradyne by 5.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company’s stock valued at $324,000 after acquiring an additional 132 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Susquehanna boosted their price target on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. Finally, KeyCorp lowered their price target on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.77.

Teradyne Price Performance

TER stock opened at $111.35 on Wednesday. Teradyne, Inc. has a 52-week low of $95.80 and a 52-week high of $163.21. The company has a 50-day moving average of $124.34 and a two-hundred day moving average of $122.91. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45.

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

Teradyne Dividend Announcement

The company 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Teradyne declared that its Board of Directors has approved a share buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard John Burns sold 445 shares of the company’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 transaction, the insider now directly owns 25,191 shares of the company’s stock, valued at $2,808,544.59. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Teradyne Company 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.