Rialto Wealth Management LLC Makes New $91,000 Investment in Teradyne, Inc. (NASDAQ:TER)

Rialto Wealth Management LLC 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 Securities & Exchange Commission. The institutional investor purchased 722 shares of the company’s stock, valued at approximately $91,000.

A number of other hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its holdings in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Teradyne in the 4th quarter worth approximately $160,087,000. Assenagon Asset Management S.A. boosted its stake in shares of Teradyne by 1,767.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after purchasing an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC increased its position in shares of Teradyne by 189.6% during the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after buying an additional 749,003 shares during the period. Finally, Holocene Advisors LP acquired a new stake in shares of Teradyne during the third quarter worth $91,129,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Trading Up 3.0 %

Teradyne stock opened at $108.54 on Friday. The firm’s fifty day moving average price is $121.30 and its two-hundred day moving average price is $121.81. The firm has a market capitalization of $17.55 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results 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%. On average, research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.44%. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Teradyne announced that its board has approved a share buyback program on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

TER has been the subject of a number of recent analyst reports. Vertical Research assumed coverage on Teradyne in a report on Friday. They set a “buy” rating and a $135.00 price target for the company. JPMorgan Chase & Co. decreased their target price on Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.14.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by insiders.

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.