Parametrica Management Ltd Takes $222,000 Position in Teradyne, Inc. (NASDAQ:TER)

Parametrica Management Ltd acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the third quarter, Holdings Channel.com reports. The firm acquired 1,654 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors also recently modified their holdings of TER. Ashton Thomas Private Wealth LLC bought a new stake in Teradyne during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in Teradyne during the third quarter valued at approximately $29,000. Rothschild Investment LLC bought a new stake in Teradyne during the second quarter valued at approximately $33,000. Quarry LP lifted its position in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its position in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares in the company, valued at $4,768,072.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the transaction, the director now owns 15,893 shares of the company’s stock, valued at approximately $2,110,590.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,352 shares of company stock worth $1,899,353. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TER. Craig Hallum dropped their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Northland Securities decreased their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Northland Capmk downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Citigroup decreased their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $142.62.

Teradyne Price Performance

Teradyne stock traded down $1.19 during mid-day trading on Wednesday, reaching $107.14. 111,955 shares of the company traded hands, compared to its average volume of 2,032,642. The firm’s 50 day moving average price is $123.50 and its 200 day moving average price is $132.48. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 2.37 and a beta of 1.52. Teradyne, Inc. has a 52-week low of $89.15 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.15 EPS for the current year.

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

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

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.