Harvest Fund Management Co. Ltd Acquires Shares of 33,219 Teradyne, Inc. (NASDAQ:TER)

Harvest Fund Management Co. Ltd acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 33,219 shares of the company’s stock, valued at approximately $4,152,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $33,000. Manchester Capital Management LLC boosted its position in shares of Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after buying an additional 227 shares during the last quarter. Atala Financial Inc purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $47,000. Brooklyn Investment Group purchased a new position in shares of Teradyne during the third quarter valued at approximately $52,000. Finally, Quarry LP boosted its position in shares of Teradyne by 91.9% during the third quarter. Quarry LP now owns 451 shares of the company’s stock valued at $60,000 after buying an additional 216 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling

In related news, CFO Sanjay Mehta sold 614 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the completion of the transaction, the chief financial officer now directly owns 30,446 shares in the company, valued at $3,105,492. The trade was a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s 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 transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 over the last ninety days. 0.36% of the stock is owned by corporate insiders.

Teradyne Stock Performance

NASDAQ:TER 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 price-to-earnings ratio of 26.69, a PEG ratio of 2.83 and a beta of 1.46. The business’s fifty day moving average is $115.61 and its 200 day moving average is $119.55.

Teradyne (NASDAQ:TER) last released its quarterly earnings data 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 return on equity of 19.08% and a net margin of 19.23%. Equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s payout ratio is 14.41%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Northland Securities cut their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. KeyCorp dropped their price target on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Robert W. Baird dropped their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Vertical Research began coverage on Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 price target on the stock. Finally, Citigroup dropped their price target on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.44.

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.