New England Research & Management Inc. Invests $1.13 Million in Teradyne, Inc. (NASDAQ:TER)

New England Research & Management Inc. acquired a new stake in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,975 shares of the company’s stock, valued at approximately $1,130,000.

Several other large investors also recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in Teradyne during the 3rd quarter worth approximately $29,000. Quarry LP increased its position in Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares during the period. Coastline Trust Co acquired a new stake in shares of Teradyne during the third quarter worth $46,000. Brooklyn Investment Group bought a new stake in shares of Teradyne in the third quarter valued at about $52,000. Finally, Eastern Bank bought a new position in Teradyne during the third quarter worth about $67,000. 99.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TER has been the topic of several analyst reports. Evercore ISI increased their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird cut their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Stifel Nicolaus decreased their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Susquehanna raised their price objective on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.31.

Teradyne Price Performance

Shares of NASDAQ TER opened at $122.05 on Thursday. The stock has a market capitalization of $19.88 billion, a PE ratio of 38.75, a P/E/G ratio of 2.25 and a beta of 1.46. Teradyne, Inc. has a one year low of $92.29 and a one year high of $163.21. The business’s fifty day moving average price is $125.02 and its 200-day moving average price is $125.71.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. As a group, equities analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is presently 15.24%.

Teradyne announced that its board has approved a share buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 0.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,383 shares of company stock valued at $677,935. 0.36% of the stock is currently owned by corporate insiders.

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.