Private Wealth Partners LLC Invests $233,000 in Teradyne, Inc. (NASDAQ:TER)

Private Wealth Partners LLC acquired a new position in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,850 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds also recently made changes to their positions in TER. Capital Performance Advisors LLP purchased a new position in shares of Teradyne in the third quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Teradyne in the fourth quarter worth approximately $33,000. Manchester Capital Management LLC increased its position in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after acquiring an additional 227 shares in the last quarter. Coastline Trust Co purchased a new position in shares of Teradyne in the third quarter worth approximately $46,000. Finally, Brooklyn Investment Group purchased a new position in shares of Teradyne in the third quarter worth approximately $52,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the topic of several analyst reports. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. UBS Group dropped their target price on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Northland Securities lowered their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 407 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $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. Over the last three months, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by insiders.

Teradyne Stock Up 2.3 %

TER stock opened at $118.55 on Friday. The company has a market capitalization of $19.31 billion, a price-to-earnings ratio of 35.60, a P/E/G ratio of 2.72 and a beta of 1.45. Teradyne, Inc. has a 12 month low of $95.80 and a 12 month high of $163.21. The firm has a 50 day moving average of $125.14 and a two-hundred day moving average of $122.96.

Teradyne (NASDAQ:TER) last posted 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%. On average, research analysts expect that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, February 14th. Teradyne’s payout ratio is 14.41%.

Teradyne declared that its board has approved a stock buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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.