Summit Global Investments Makes New $214,000 Investment in Teradyne, Inc. (NASDAQ:TER)

Summit Global Investments purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,696 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Roberts Glore & Co. Inc. IL grew its position in Teradyne by 2.2% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after acquiring an additional 90 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after acquiring an additional 104 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Teradyne by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after purchasing an additional 105 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in Teradyne by 0.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after purchasing an additional 108 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in Teradyne by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock valued at $283,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling

In other news, CFO Sanjay Mehta sold 614 shares of the company’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 $62,628.00. Following the sale, the chief financial officer now owns 30,446 shares in the company, valued at $3,105,492. This represents a 1.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Ryan Driscoll sold 437 shares of the business’s stock in a transaction 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock valued at $1,013,134. Company insiders own 0.18% of the company’s stock.

Teradyne Stock Performance

Shares of TER stock opened at $89.95 on Wednesday. Teradyne, Inc. has a 52 week low of $82.98 and a 52 week high of $163.21. The stock has a market capitalization of $14.55 billion, a PE ratio of 27.01, a PEG ratio of 2.83 and a beta of 1.46. The stock’s fifty day moving average is $110.99 and its 200-day moving average is $118.21.

Teradyne (NASDAQ:TER) last posted its quarterly 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 net margin of 19.23% and a return on equity of 19.08%. As a group, analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid 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 payout ratio is currently 14.41%.

Analyst Ratings Changes

Several research firms recently issued reports on TER. Susquehanna decreased their price objective on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a report on Wednesday, March 12th. Vertical Research began coverage on Teradyne in a research report on Friday, March 7th. They set a “buy” rating and a $135.00 price objective for the company. Morgan Stanley lowered their target price on Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their target price on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $121.44.

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.