OVERSEA CHINESE BANKING Corp Ltd Buys New Position in Teradyne, Inc. (NASDAQ:TER)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 374,899 shares of the company’s stock, valued at approximately $47,207,000. Teradyne comprises approximately 1.3% of OVERSEA CHINESE BANKING Corp Ltd’s holdings, making the stock its 15th largest holding.

A number of other large investors have also modified their holdings of the business. Compass Financial Services Inc acquired a new stake in Teradyne in the 4th quarter worth approximately $33,000. Manchester Capital Management LLC raised its holdings in shares of 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 buying an additional 227 shares during the last quarter. Atala Financial Inc acquired a new stake in shares of Teradyne during the fourth quarter worth $47,000. Brooklyn Investment Group purchased a new stake in shares of Teradyne during the third quarter valued at $52,000. Finally, Quarry LP increased its position in shares of Teradyne by 91.9% in the 3rd quarter. Quarry LP now owns 451 shares of the company’s stock valued at $60,000 after acquiring an additional 216 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TER. Bank of America lowered their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Morgan Stanley decreased their target price on Teradyne from $112.00 to $81.00 and set an “underweight” rating for the company in a report on Friday, March 14th. Susquehanna cut their price target on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price objective on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Finally, Northland Securities cut their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Insiders Place Their Bets

In related news, insider Richard John Burns sold 407 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now directly owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ryan Driscoll sold 437 shares of Teradyne 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 sale, the vice president now directly owns 4,312 shares in the company, valued at approximately $439,824. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,479 shares of company stock worth $1,013,134. Company insiders own 0.36% of the company’s stock.

Teradyne Stock Down 1.4 %

TER stock opened at $88.87 on Wednesday. Teradyne, Inc. has a 52-week low of $82.98 and a 52-week high of $163.21. The firm has a market cap of $14.37 billion, a P/E ratio of 26.69, a PEG ratio of 2.83 and a beta of 1.46. The company’s 50-day simple moving average is $115.61 and its 200-day simple moving average is $119.55.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. On average, analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.54%. The ex-dividend date was Friday, February 14th. Teradyne’s payout ratio is presently 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.