Parametrica Management Ltd Raises Stake in Teradyne, Inc. (NASDAQ:TER)

Parametrica Management Ltd lifted its stake in Teradyne, Inc. (NASDAQ:TER) by 59.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,640 shares of the company’s stock after purchasing an additional 986 shares during the period. Parametrica Management Ltd’s holdings in Teradyne were worth $332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Teradyne during the 4th quarter worth $45,000. Mitsubishi UFJ Trust & Banking Corp increased its position in Teradyne by 5.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 111,848 shares of the company’s stock valued at $14,084,000 after purchasing an additional 5,892 shares during the period. Keystone Investors PTE Ltd. purchased a new position in Teradyne during the 4th quarter valued at about $41,161,000. Congress Wealth Management LLC DE lifted its position in shares of Teradyne by 102.9% in the 4th quarter. Congress Wealth Management LLC DE now owns 10,906 shares of the company’s stock worth $1,373,000 after purchasing an additional 5,530 shares during the period. Finally, Clune & Associates LTD. bought a new position in shares of Teradyne during the fourth quarter valued at approximately $388,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

NASDAQ TER opened at $89.95 on Wednesday. The company has a fifty day moving average of $110.99 and a 200 day moving average of $118.21. The company has a market capitalization of $14.55 billion, a PE ratio of 27.01, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 1 year low of $82.98 and a 1 year high of $163.21.

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

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. Teradyne’s dividend payout ratio is presently 14.41%.

Analyst Ratings Changes

A number of analysts have weighed in on TER shares. JPMorgan Chase & Co. lowered their target price on Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Morgan Stanley dropped their price objective on Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a “buy” rating in a report on Wednesday, March 12th. Vertical Research initiated coverage on shares of Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Susquehanna reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction dated 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 $439,824. This represents a 9.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the sale, the chief financial officer now owns 36,576 shares in the company, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,479 shares of company stock valued at $1,013,134. 0.18% of the stock is owned by company insiders.

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.