ARK Investment Management LLC Increases Position in Teradyne, Inc. (NASDAQ:TER)

ARK Investment Management LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 5.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,500,456 shares of the company’s stock after purchasing an additional 77,622 shares during the period. Teradyne comprises 1.0% of ARK Investment Management LLC’s holdings, making the stock its 26th largest holding. ARK Investment Management LLC’s holdings in Teradyne were worth $162,829,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. Marshall Financial Group LLC grew its stake in Teradyne by 1.2% during the 4th quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock valued at $895,000 after purchasing an additional 96 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Teradyne by 24.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock valued at $56,000 after buying an additional 100 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Teradyne by 5.0% in the 2nd quarter. Raymond James Trust N.A. now owns 2,280 shares of the company’s stock valued at $254,000 after buying an additional 109 shares during the period. TFC Financial Management Inc. lifted its holdings in shares of Teradyne by 18.3% in the 3rd quarter. TFC Financial Management Inc. now owns 745 shares of the company’s stock valued at $75,000 after buying an additional 115 shares during the period. Finally, West Family Investments Inc. lifted its holdings in shares of Teradyne by 6.8% in the 1st quarter. West Family Investments Inc. now owns 1,800 shares of the company’s stock valued at $213,000 after buying an additional 115 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Performance

NASDAQ:TER opened at $111.54 on Thursday. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20. The stock has a market cap of $17.07 billion, a PE ratio of 40.86 and a beta of 1.55. The stock has a 50 day moving average price of $104.04 and a 200 day moving average price of $99.25.

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

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were paid a dividend of $0.12 per share. This is a boost from Teradyne’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 15th. This represents a $0.48 annualized dividend and a yield of 0.43%. Teradyne’s dividend payout ratio (DPR) is 17.58%.

Insiders Place Their Bets

In other news, Director Ernest E. Maddock acquired 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the purchase, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Sanjay Mehta sold 1,083 shares of Teradyne stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total value of $120,158.85. Following the completion of the transaction, the chief financial officer now directly owns 45,107 shares in the company, valued at $5,004,621.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ernest E. Maddock purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the transaction, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The disclosure for this purchase can be found here. Insiders sold a total of 11,797 shares of company stock valued at $1,248,237 over the last quarter. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.