E Fund Management Co. Ltd. Acquires 21,391 Shares of Teradyne, Inc. (NASDAQ:TER)

E Fund Management Co. Ltd. grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 955.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,630 shares of the company’s stock after acquiring an additional 21,391 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Teradyne were worth $2,975,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in Teradyne during the third quarter worth about $29,000. Compass Financial Services Inc bought a new stake in Teradyne during the fourth quarter worth about $33,000. Manchester Capital Management LLC lifted its position in Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after purchasing an additional 227 shares during the period. Coastline Trust Co bought a new stake in Teradyne during the third quarter worth about $46,000. Finally, Brooklyn Investment Group bought a new stake in Teradyne during the third quarter worth about $52,000. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In related news, CFO Sanjay Mehta sold 614 shares of the stock in a transaction on 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 directly owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. This represents a 1.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Ryan Driscoll sold 437 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the sale, the vice president now directly owns 4,312 shares of the company’s stock, valued at $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,013,134 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the subject of several recent analyst reports. Northland Securities cut their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. UBS Group lowered their target price on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $160.00 target price on shares of Teradyne in a research note on Thursday, January 30th. Finally, KeyCorp lowered their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.77.

Teradyne Stock Performance

Teradyne stock opened at $105.39 on Friday. The stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 52-week low of $95.80 and a 52-week high of $163.21. The stock’s 50 day moving average price is $121.70 and its two-hundred day moving average price is $122.06.

Teradyne (NASDAQ:TER) last issued its earnings results 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 return on equity of 19.08% and a net margin of 19.23%. On average, equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its Board of Directors has initiated a stock repurchase plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

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.