Connor Clark & Lunn Investment Management Ltd. Raises Stock Position in Teradyne, Inc. (NASDAQ:TER)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 122.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,816 shares of the company’s stock after acquiring an additional 20,232 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Teradyne were worth $4,636,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Compass Financial Services Inc purchased a new position in shares of Teradyne in the 4th quarter valued at $33,000. Manchester Capital Management LLC increased its stake in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 227 shares during the period. Coastline Trust Co purchased a new stake in Teradyne during the 3rd quarter worth $46,000. Brooklyn Investment Group purchased a new stake in Teradyne during the 3rd quarter worth $52,000. Finally, Quarry LP increased its stake in Teradyne by 91.9% during the 3rd quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other Teradyne news, insider Richard John Burns sold 407 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the sale, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,013,134 in the last ninety days. 0.36% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on TER. Cantor Fitzgerald dropped their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Susquehanna dropped their price target on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a research note on Wednesday, March 12th. Stifel Nicolaus decreased their price objective on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, March 12th. Citigroup decreased their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Finally, KeyCorp decreased their price objective on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.44.

Teradyne Stock Performance

NASDAQ TER opened at $86.74 on Monday. The firm has a market capitalization of $14.03 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The company has a 50-day simple moving average of $117.60 and a 200-day simple moving average of $120.19. Teradyne, Inc. has a one year low of $82.98 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.55%. Teradyne’s dividend payout ratio is presently 14.41%.

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.