Artemis Wealth Advisors LLC Takes Position in Teradyne, Inc. (NASDAQ:TER)

Artemis Wealth Advisors LLC bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, Holdings Channel reports. The fund bought 10,000 shares of the company’s stock, valued at approximately $1,259,000. Teradyne accounts for about 0.2% of Artemis Wealth Advisors LLC’s investment portfolio, making the stock its 20th largest holding.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Teradyne by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,482,750 shares of the company’s stock worth $186,708,000 after acquiring an additional 176,043 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in Teradyne by 21.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,026 shares of the company’s stock worth $255,000 after acquiring an additional 353 shares during the last quarter. TCW Group Inc. bought a new position in Teradyne during the 4th quarter worth approximately $1,348,000. Allianz Asset Management GmbH boosted its stake in Teradyne by 2.6% during the 4th quarter. Allianz Asset Management GmbH now owns 323,486 shares of the company’s stock worth $40,733,000 after acquiring an additional 8,073 shares during the last quarter. Finally, ING Groep NV boosted its stake in Teradyne by 197.4% during the 4th quarter. ING Groep NV now owns 170,801 shares of the company’s stock worth $21,507,000 after acquiring an additional 113,378 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In other Teradyne news, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 4,312 shares of the company’s stock, valued at approximately $439,824. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 614 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the sale, the chief financial officer now directly owns 30,446 shares in the company, valued at $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on TER. Susquehanna lifted their price objective on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Cantor Fitzgerald restated an “overweight” rating and set a $160.00 target price on shares of Teradyne in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their target price 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. Finally, KeyCorp dropped their target price 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 analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Trading Down 2.0 %

Shares of TER opened at $113.58 on Tuesday. Teradyne, Inc. has a 12 month low of $95.80 and a 12 month high of $163.21. The firm has a fifty day simple moving average of $124.67 and a 200 day simple moving average of $122.99. The stock has a market capitalization of $18.50 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.83 and a beta of 1.45.

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

Teradyne announced that its board has authorized a share repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is 14.41%.

About Teradyne

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.