1620 Investment Advisors Inc. Acquires 243 Shares of Teradyne, Inc. (NASDAQ:TER)

1620 Investment Advisors Inc. lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 28.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,089 shares of the company’s stock after purchasing an additional 243 shares during the period. 1620 Investment Advisors Inc.’s holdings in Teradyne were worth $137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TER. Compass Financial Services Inc bought a new position in Teradyne in the fourth quarter worth approximately $33,000. AllSquare Wealth Management LLC boosted its holdings in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after acquiring an additional 227 shares in the last quarter. Atala Financial Inc bought a new position in Teradyne in the fourth quarter worth approximately $47,000. Finally, Brooklyn Investment Group bought a new position in Teradyne in the third quarter worth approximately $52,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Teradyne stock opened at $87.51 on Friday. Teradyne, Inc. has a one year low of $82.98 and a one year high of $163.21. The business has a fifty day moving average price of $112.72 and a 200-day moving average price of $118.77. The firm has a market capitalization of $14.15 billion, a P/E ratio of 26.28, a PEG ratio of 2.83 and a beta of 1.46.

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, beating 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%. Sell-side analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the sale, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,479 shares of company stock valued at $1,013,134. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

TER has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. UBS Group set a $130.00 price target on Teradyne and gave the stock a “buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus lowered their price objective on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, March 12th. TD Cowen lowered their price objective on Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Finally, KeyCorp lowered their price objective on Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.44.

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.