Peregrine Capital Management LLC Boosts Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Peregrine Capital Management LLC grew its position in Teradyne, Inc. (NASDAQ:TER) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,006 shares of the company’s stock after acquiring an additional 1,411 shares during the quarter. Peregrine Capital Management LLC’s holdings in Teradyne were worth $9,948,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after buying an additional 1,846,079 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Teradyne by 1,767.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after purchasing an additional 873,626 shares during the period. Alkeon Capital Management LLC raised its holdings in Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after buying an additional 749,003 shares during the period. Holocene Advisors LP purchased a new position in Teradyne during the third quarter worth about $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock valued at $355,837,000 after acquiring an additional 393,175 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TER has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a report on Thursday, January 30th. UBS Group decreased their target price on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Susquehanna lifted their target price on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Craig Hallum reduced their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.77.

Insider Buying and Selling at Teradyne

In other Teradyne news, VP Ryan Driscoll sold 437 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 4,312 shares in the company, valued at approximately $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $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 90 days. Corporate insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $113.25 on Tuesday. Teradyne, Inc. has a 1 year low of $95.80 and a 1 year high of $163.21. The stock has a market cap of $18.44 billion, a P/E ratio of 34.01, a P/E/G ratio of 2.70 and a beta of 1.45. The stock has a 50-day simple moving average of $125.31 and a 200-day simple moving average of $123.06.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (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%. On average, equities research analysts predict that Teradyne, Inc. will post 3.91 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared 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 is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.42%. Teradyne’s dividend payout ratio is currently 14.41%.

Teradyne declared that its board has initiated a share buyback program on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Teradyne 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.