Cinctive Capital Management LP Raises Stake in Teradyne, Inc. (NASDAQ:TER)

Cinctive Capital Management LP lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 1,496.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 79,809 shares of the company’s stock after buying an additional 74,809 shares during the period. Cinctive Capital Management LP’s holdings in Teradyne were worth $10,050,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TER. Massachusetts Financial Services Co. MA purchased a new position in shares of Teradyne during the 4th quarter worth $11,365,000. Headlands Technologies LLC acquired a new position in Teradyne in the fourth quarter valued at $928,000. Geode Capital Management LLC boosted its stake in Teradyne by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company’s stock worth $515,665,000 after buying an additional 94,374 shares during the last quarter. Wellington Management Group LLP increased its position in Teradyne by 36.2% during the fourth quarter. Wellington Management Group LLP now owns 14,554 shares of the company’s stock worth $1,833,000 after purchasing an additional 3,870 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Teradyne by 8.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,474 shares of the company’s stock worth $1,193,000 after acquiring an additional 715 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

TER has been the topic of several research analyst reports. Cantor Fitzgerald reduced their price objective on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Vertical Research assumed coverage on shares of Teradyne in a research report on Friday, March 7th. They set a “buy” rating and a $135.00 price target on the stock. TD Cowen dropped their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Robert W. Baird cut their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Finally, Citigroup decreased their price target on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Teradyne Trading Up 0.0 %

Shares of TER opened at $82.61 on Wednesday. The firm has a market cap of $13.36 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 52 week low of $79.60 and a 52 week high of $163.21. The stock has a 50 day moving average of $105.79 and a 200-day moving average of $116.66.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 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%. On average, sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

Insider Activity

In related news, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the transaction, the vice president now directly owns 4,312 shares in the company, valued at $439,824. The trade was a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred 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 transaction, the chief executive officer now 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. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last three months. Corporate insiders own 0.36% of the company’s stock.

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.