Artemis Wealth Advisors LLC Makes New $1.26 Million Investment in Teradyne, Inc. (NASDAQ:TER)

Artemis Wealth Advisors LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $1,259,000. Teradyne accounts for about 0.2% of Artemis Wealth Advisors LLC’s holdings, making the stock its 20th largest holding.

Several other large investors have also modified their holdings of the company. State Street Corp boosted its holdings in shares of Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after buying an additional 350,002 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Teradyne by 59.9% during the 4th 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 during the period. Geode Capital Management LLC boosted its holdings in shares of Teradyne by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after buying an additional 209,868 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Teradyne by 16.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after buying an additional 393,175 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Teradyne by 7.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock valued at $302,582,000 after purchasing an additional 157,838 shares during the period. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of research reports. Susquehanna increased their price target on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $160.00 price target on shares of Teradyne in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Stock Performance

Shares of TER stock opened at $113.58 on Tuesday. The stock has a market cap of $18.50 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 2.83 and a beta of 1.45. The firm has a fifty day moving average of $124.67 and a 200-day moving average of $122.99. Teradyne, Inc. has a 52-week low of $95.80 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Teradyne announced that its Board of Directors has approved a share repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The shares were 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 of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 in the last quarter. 0.36% of the stock is owned by corporate insiders.

Teradyne Company 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.