Oribel Capital Management LP Purchases Shares of 174,700 Teradyne, Inc. (NASDAQ:TER)

Oribel Capital Management LP acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 174,700 shares of the company’s stock, valued at approximately $21,998,000. Teradyne makes up about 0.8% of Oribel Capital Management LP’s investment portfolio, making the stock its 26th biggest position. Oribel Capital Management LP owned about 0.11% of Teradyne at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Compass Financial Services Inc acquired a new position in Teradyne during the fourth quarter worth $33,000. AllSquare Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC lifted its position in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Teradyne during the 4th quarter valued at about $45,000. Finally, Atala Financial Inc bought a new stake in Teradyne during the 4th quarter worth approximately $47,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TER. KeyCorp cut their target price on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. TD Cowen cut their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Morgan Stanley lowered their target price on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating for the company in a report on Friday, March 14th. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Stifel Nicolaus decreased their price objective on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $121.44.

Insider Activity

In other Teradyne news, insider Richard John Burns sold 407 shares of the 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 $49,047.57. Following the sale, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. This represents a 1.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,399 shares of company stock worth $612,734. 0.36% of the stock is owned by corporate insiders.

Teradyne Stock Performance

Shares of TER opened at $68.72 on Friday. Teradyne, Inc. has a fifty-two week low of $67.12 and a fifty-two week high of $163.21. The business has a 50-day moving average of $102.41 and a 200 day moving average of $115.64. The firm has a market cap of $11.05 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping 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%. As a group, research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.70%. Teradyne’s dividend payout ratio is currently 14.41%.

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.