OVERSEA CHINESE BANKING Corp Ltd Takes Position in Teradyne, Inc. (NASDAQ:TER)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 374,899 shares of the company’s stock, valued at approximately $47,207,000. Teradyne comprises approximately 1.3% of OVERSEA CHINESE BANKING Corp Ltd’s investment portfolio, making the stock its 15th biggest position. OVERSEA CHINESE BANKING Corp Ltd owned 0.23% of Teradyne at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TER. Compass Financial Services Inc purchased a new stake in shares of Teradyne during the 4th quarter valued at about $33,000. Manchester Capital Management LLC increased its holdings in Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after buying an additional 227 shares during the last quarter. Atala Financial Inc purchased a new stake in Teradyne during the fourth quarter valued at approximately $47,000. Brooklyn Investment Group bought a new position in Teradyne in the third quarter worth approximately $52,000. Finally, Quarry LP boosted its stake in shares of Teradyne by 91.9% during the 3rd quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after acquiring an additional 216 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of Teradyne stock opened at $88.87 on Wednesday. The stock has a 50 day moving average price of $115.61 and a 200-day moving average price of $119.55. Teradyne, Inc. has a one year low of $82.98 and a one year high of $163.21. The stock has a market cap of $14.37 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Morgan Stanley decreased their price objective on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Vertical Research started coverage on Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 price target for the company. TD Cowen dropped their price objective on Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Finally, KeyCorp dropped their price target on Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $121.44.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the transaction, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,479 shares of company stock valued at $1,013,134. Corporate insiders own 0.36% of the company’s stock.

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.