Senvest Management LLC Takes $34.83 Million Position in Teradyne, Inc. (NASDAQ:TER)

Senvest Management LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 276,638 shares of the company’s stock, valued at approximately $34,834,000. Teradyne accounts for about 1.1% of Senvest Management LLC’s portfolio, making the stock its 23rd largest position. Senvest Management LLC owned 0.17% of Teradyne as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TER. Compass Financial Services Inc purchased a new stake in Teradyne during the fourth quarter worth about $33,000. AllSquare Wealth Management LLC grew its holdings in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 227 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Teradyne in the 4th quarter valued at about $45,000. Finally, Atala Financial Inc purchased a new stake in Teradyne during the 4th quarter worth $47,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Price Performance

TER opened at $73.65 on Monday. The company has a market capitalization of $11.85 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The business has a 50-day moving average of $96.33 and a 200-day moving average of $112.80.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating 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%. On average, equities research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Insider Buying and Selling

In other news, VP Ryan Driscoll sold 437 shares of the business’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 value of $44,574.00. Following the transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at $439,824. The trade was a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard John Burns sold 445 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the transaction, the insider now directly owns 25,191 shares in the company, valued at approximately $2,808,544.59. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,399 shares of company stock valued at $612,734 over the last three months. 0.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley decreased their target price on Teradyne from $112.00 to $81.00 and set an “underweight” rating for the company in a research 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 research note on Thursday, March 13th. Bank of America cut their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus cut their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. Two investment 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. According to MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and an average price target 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.