Cambridge Trust Co. Invests $38,000 in Teradyne, Inc. (NASDAQ:TER)

Cambridge Trust Co. acquired a new stake in Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 350 shares of the company’s stock, valued at approximately $38,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Teradyne by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,810 shares of the company’s stock worth $2,579,000 after purchasing an additional 1,350 shares in the last quarter. Raymond James Trust N.A. increased its position in Teradyne by 18.9% during the first quarter. Raymond James Trust N.A. now owns 3,066 shares of the company’s stock worth $363,000 after buying an additional 488 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of Teradyne by 3.3% in the first quarter. Cibc World Market Inc. now owns 6,009 shares of the company’s stock worth $710,000 after acquiring an additional 193 shares during the last quarter. Sei Investments Co. lifted its position in shares of Teradyne by 32.7% in the first quarter. Sei Investments Co. now owns 124,149 shares of the company’s stock valued at $14,733,000 after acquiring an additional 30,565 shares in the last quarter. Finally, Prudential PLC acquired a new stake in shares of Teradyne during the first quarter valued at $382,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Monday, March 4th. Evercore ISI started coverage on shares of Teradyne in a research note on Tuesday. They set an “outperform” rating and a $130.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $113.73.

Teradyne Stock Down 4.2 %

TER stock opened at $95.97 on Friday. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 35.15 and a beta of 1.56. The business has a fifty day simple moving average of $105.36 and a 200-day simple moving average of $100.37. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $119.20.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.79 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 analyst estimates of $674.99 million. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. As a group, analysts expect that Teradyne, Inc. will post 2.82 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were issued a $0.12 dividend. This is a positive change 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 0.50%. Teradyne’s dividend payout ratio (DPR) is presently 17.58%.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 1,083 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $110.95, for a total value of $120,158.85. Following the completion of the sale, the chief financial officer now owns 45,107 shares of the company’s stock, valued at $5,004,621.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Richard John Burns sold 1,744 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total transaction of $182,928.16. Following the transaction, the insider now directly owns 16,734 shares of the company’s stock, valued at approximately $1,755,229.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 1,083 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $110.95, for a total transaction of $120,158.85. Following the completion of the sale, the chief financial officer now directly owns 45,107 shares of the company’s stock, valued at approximately $5,004,621.65. The disclosure for this sale can be found here. Insiders have sold a total of 11,797 shares of company stock valued at $1,248,237 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

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.