Quantbot Technologies LP Acquires 7,521 Shares of Teradyne, Inc. (NASDAQ:TER)

Quantbot Technologies LP raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 519.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,968 shares of the company’s stock after acquiring an additional 7,521 shares during the quarter. Quantbot Technologies LP’s holdings in Teradyne were worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Summit Global Investments purchased a new stake in shares of Teradyne in the fourth quarter worth about $214,000. 1620 Investment Advisors Inc. increased its holdings in Teradyne by 28.7% during the 4th quarter. 1620 Investment Advisors Inc. now owns 1,089 shares of the company’s stock worth $137,000 after acquiring an additional 243 shares during the period. AllSquare Wealth Management LLC lifted its stake in Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. Talos Asset Management LP bought a new position in Teradyne in the 4th quarter valued at $18,523,000. Finally, Royal London Asset Management Ltd. boosted its holdings in Teradyne by 5.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 72,781 shares of the company’s stock valued at $9,165,000 after purchasing an additional 3,594 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 1.2 %

Shares of NASDAQ:TER opened at $89.95 on Wednesday. The stock has a market capitalization of $14.55 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The stock’s 50-day moving average price is $110.99 and its 200-day moving average price is $118.21. Teradyne, Inc. has a 12-month low of $82.98 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS 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, research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TER shares. Vertical Research began coverage on Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective on the stock. Morgan Stanley lowered their price target on Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Bank of America decreased their price objective on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus dropped their target price on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating for the company 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 given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $121.44.

Insider Buying and Selling at Teradyne

In other 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 transaction of $44,574.00. Following the transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at approximately $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, 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. Over the last quarter, insiders have sold 8,479 shares of company stock worth $1,013,134. 0.18% of the stock is currently owned by company 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.