Manchester Capital Management LLC Buys 227 Shares of Teradyne, Inc. (NASDAQ:TER)

Manchester Capital Management LLC raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 264.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 313 shares of the company’s stock after purchasing an additional 227 shares during the quarter. Manchester Capital Management LLC’s holdings in Teradyne were worth $39,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Teradyne during the third quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $33,000. Coastline Trust Co purchased a new position in shares of Teradyne during the third quarter valued at approximately $46,000. Brooklyn Investment Group purchased a new position in shares of Teradyne during the third quarter valued at approximately $52,000. Finally, Quarry LP boosted its position in shares of Teradyne by 91.9% during the third quarter. Quarry LP now owns 451 shares of the company’s stock valued at $60,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

NASDAQ TER opened at $113.25 on Friday. The stock’s fifty day moving average price is $125.44 and its 200 day moving average price is $123.17. Teradyne, Inc. has a 1 year low of $95.80 and a 1 year high of $163.21. The company has a market cap of $18.44 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Research analysts expect that Teradyne, Inc. will post 3.91 earnings per share for the current year.

Teradyne announced that its board has initiated a stock repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Teradyne Announces Dividend

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

Insiders Place Their Bets

In other Teradyne news, 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 of the company’s stock, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,479 shares of company stock valued at $1,013,134. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on TER shares. Susquehanna boosted their target price on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. Robert W. Baird lowered their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Northland Securities lowered their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Finally, Cantor Fitzgerald reiterated 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 given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.77.

About Teradyne

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.