ARK Investment Management LLC Has $162.83 Million Position in Teradyne, Inc. (NASDAQ:TER)

ARK Investment Management LLC boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,500,456 shares of the company’s stock after purchasing an additional 77,622 shares during the quarter. Teradyne comprises approximately 1.0% of ARK Investment Management LLC’s investment portfolio, making the stock its 26th largest holding. ARK Investment Management LLC owned about 0.98% of Teradyne worth $162,829,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Teradyne by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,810 shares of the company’s stock valued at $2,579,000 after acquiring an additional 1,350 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Teradyne by 18.9% during the 1st quarter. Raymond James Trust N.A. now owns 3,066 shares of the company’s stock valued at $363,000 after acquiring an additional 488 shares in the last quarter. Cibc World Market Inc. lifted its stake in Teradyne by 3.3% during the 1st quarter. Cibc World Market Inc. now owns 6,009 shares of the company’s stock valued at $710,000 after acquiring an additional 193 shares in the last quarter. Sei Investments Co. lifted its stake in Teradyne by 32.7% during the 1st quarter. Sei Investments Co. now owns 124,149 shares of the company’s stock valued at $14,733,000 after acquiring an additional 30,565 shares in the last quarter. Finally, Prudential PLC bought a new position in Teradyne during the 1st quarter valued at $382,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Up 3.1 %

Shares of NASDAQ TER opened at $111.54 on Thursday. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $119.20. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 40.86 and a beta of 1.55. The business has a 50-day moving average of $104.04 and a 200-day moving average of $99.25.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The company had revenue of $670.60 million during the quarter, compared to analyst estimates of $674.99 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Teradyne’s revenue was down 8.4% on a year-over-year basis. On average, analysts predict that Teradyne, Inc. will post 2.95 earnings per share for the current year.

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were given a $0.12 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. Teradyne’s payout ratio is presently 17.58%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TER. JPMorgan Chase & Co. upgraded Teradyne from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $90.00 to $100.00 in a research note on Thursday, February 15th. Bank of America reiterated an “underperform” rating and set a $100.00 target price on shares of Teradyne in a research note on Friday, December 15th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Hold” and an average price target of $111.00.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Richard John Burns sold 317 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $112.68, for a total value of $35,719.56. Following the completion of the sale, the insider now owns 20,300 shares in the company, valued at $2,287,404. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Teradyne news, insider Richard John Burns sold 317 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $112.68, for a total value of $35,719.56. Following the completion of the sale, the insider now owns 20,300 shares in the company, valued at $2,287,404. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 8,653 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the transaction, the chief financial officer now owns 31,180 shares of the company’s stock, valued at approximately $3,277,018. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,797 shares of company stock worth $1,248,237. 0.36% of the stock is currently owned by 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.