Cinctive Capital Management LP Has $10.05 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Cinctive Capital Management LP lifted its position in Teradyne, Inc. (NASDAQ:TER) by 1,496.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 79,809 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TER. Compass Financial Services Inc acquired a new position in Teradyne during the 4th quarter worth $33,000. AllSquare Wealth Management LLC increased its stake in shares of Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares during the period. Manchester Capital Management LLC boosted its stake in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in Teradyne in the 4th quarter worth approximately $45,000. Finally, Atala Financial Inc acquired a new position in shares of Teradyne during the fourth quarter worth approximately $47,000. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Up 0.0 %

Teradyne stock opened at $82.61 on Wednesday. The stock has a 50-day simple moving average of $105.79 and a 200 day simple moving average of $116.66. The stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 12-month low of $79.60 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

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

Wall Street Analyst Weigh In

TER has been the subject of several research analyst reports. Vertical Research assumed coverage on shares of Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 target price for the company. Susquehanna decreased their target price on Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a research report on Wednesday, March 12th. Bank of America cut their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Stifel Nicolaus decreased their price objective on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, March 12th. Finally, UBS Group set a $130.00 price objective on Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given 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 an average target price of $121.44.

Insider Buying and Selling

In related news, CFO Sanjay Mehta sold 1,789 shares of the business’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 transaction, the chief financial officer now directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, 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 a total of 8,479 shares of company stock valued at $1,013,134 over the last ninety days. 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.