Argentarii LLC Takes Position in Teradyne, Inc. (NASDAQ:TER)

Argentarii LLC acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,866 shares of the company’s stock, valued at approximately $487,000.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of Teradyne by 149.0% during the third quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company’s stock valued at $326,000 after purchasing an additional 1,457 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Teradyne by 1.1% during the third quarter. Amalgamated Bank now owns 33,625 shares of the company’s stock valued at $4,503,000 after purchasing an additional 370 shares during the last quarter. Olympiad Research LP purchased a new stake in shares of Teradyne during the third quarter valued at $240,000. Capital Performance Advisors LLP purchased a new stake in shares of Teradyne during the third quarter valued at $29,000. Finally, Bridges Investment Management Inc. purchased a new stake in shares of Teradyne during the third quarter valued at $212,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $108.54 on Friday. The firm has a market cap of $17.55 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 2.83 and a beta of 1.46. The business’s 50-day simple moving average is $121.30 and its 200-day simple moving average is $121.81. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating 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%. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its Board of Directors has approved a share buyback program on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.44%. Teradyne’s payout ratio is 14.41%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the 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 completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 in the last 90 days. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. KeyCorp reduced their price objective on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Vertical Research assumed coverage on Teradyne in a research note on Friday. They issued a “buy” rating and a $135.00 price objective for the company. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. Finally, Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $143.14.

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.