Talos Asset Management LP Acquires New Position in Teradyne, Inc. (NASDAQ:TER)

Talos Asset Management LP acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 147,100 shares of the company’s stock, valued at approximately $18,523,000. Teradyne comprises about 4.4% of Talos Asset Management LP’s holdings, making the stock its 9th largest holding.

A number of other institutional investors have also modified their holdings of the business. Victory Capital Management Inc. grew its position in Teradyne by 6.8% in the 3rd quarter. Victory Capital Management Inc. now owns 89,431 shares of the company’s stock worth $11,977,000 after purchasing an additional 5,686 shares during the last quarter. Mutual of America Capital Management LLC grew its position in Teradyne by 2.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 20,089 shares of the company’s stock worth $2,691,000 after purchasing an additional 404 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after purchasing an additional 104 shares during the last quarter. Swiss National Bank grew its position in Teradyne by 2.3% in the 3rd quarter. Swiss National Bank now owns 463,300 shares of the company’s stock worth $62,050,000 after purchasing an additional 10,400 shares during the last quarter. Finally, Pathstone Holdings LLC grew its position in Teradyne by 3.9% in the 3rd quarter. Pathstone Holdings LLC now owns 19,878 shares of the company’s stock worth $2,662,000 after purchasing an additional 743 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the transaction, the vice president now owns 4,312 shares in the company, valued at approximately $439,824. This represents a 9.20 % decrease in their position. 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. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TER shares. UBS Group set a $130.00 price target on shares of Teradyne and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Susquehanna reduced their price target on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research note on Wednesday, March 12th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Morgan Stanley reduced their price target on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Finally, KeyCorp cut their target price on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Price Performance

TER stock opened at $88.51 on Thursday. Teradyne, Inc. has a 52-week low of $82.98 and a 52-week high of $163.21. The company’s 50 day simple moving average is $114.63 and its 200-day simple moving average is $119.33. The firm has a market capitalization of $14.31 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.83 and a beta of 1.46.

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%. Sell-side analysts predict 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.54%. Teradyne’s dividend payout ratio is currently 14.41%.

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.