Quantbot Technologies LP Raises Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Quantbot Technologies LP raised its position in shares of Teradyne, Inc. (NASDAQ:TER) by 519.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,968 shares of the company’s stock after purchasing an additional 7,521 shares during the period. Quantbot Technologies LP’s holdings in Teradyne were worth $1,129,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TER. Summit Global Investments bought a new position in shares of Teradyne in the 4th quarter worth about $214,000. 1620 Investment Advisors Inc. grew its holdings in Teradyne by 28.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 1,089 shares of the company’s stock worth $137,000 after purchasing an additional 243 shares during the period. AllSquare Wealth Management LLC increased its stake in shares of Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Talos Asset Management LP purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $18,523,000. Finally, Royal London Asset Management Ltd. boosted its position in shares of Teradyne by 5.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 72,781 shares of the company’s stock worth $9,165,000 after purchasing an additional 3,594 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

TER has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Susquehanna lowered their price target on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research report on Wednesday, March 12th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. Northland Securities dropped their target price 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. Finally, Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Insider Buying and Selling

In other Teradyne news, CFO Sanjay Mehta sold 614 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares in the company, valued at $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, 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. In the last three months, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.18% of the stock is owned by company insiders.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $89.95 on Wednesday. The stock’s 50-day simple moving average is $110.99 and its two-hundred day simple moving average is $118.21. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 52-week low of $82.98 and a 52-week high of $163.21.

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, topping analysts’ consensus estimates 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, equities analysts forecast 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. Stockholders of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s payout ratio is 14.41%.

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.