Naples Money Management LLC Makes New $3.85 Million Investment in Teradyne, Inc. (NASDAQ:TER)

Naples Money Management LLC purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 35,471 shares of the company’s stock, valued at approximately $3,849,000. Teradyne accounts for 3.6% of Naples Money Management LLC’s holdings, making the stock its 5th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Teradyne by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,810 shares of the company’s stock worth $2,579,000 after buying an additional 1,350 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Teradyne by 18.9% during the first quarter. Raymond James Trust N.A. now owns 3,066 shares of the company’s stock worth $363,000 after purchasing an additional 488 shares during the last quarter. Cibc World Market Inc. boosted its holdings in shares of Teradyne by 3.3% in the 1st quarter. Cibc World Market Inc. now owns 6,009 shares of the company’s stock worth $710,000 after purchasing an additional 193 shares in the last quarter. Sei Investments Co. increased its position in shares of Teradyne by 32.7% during the 1st quarter. Sei Investments Co. now owns 124,149 shares of the company’s stock valued at $14,733,000 after purchasing an additional 30,565 shares during the last quarter. Finally, Prudential PLC purchased a new position in shares of Teradyne during the 1st quarter valued at about $382,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TER. JPMorgan Chase & Co. upped their target price on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Evercore ISI initiated coverage on shares of Teradyne in a research note on Tuesday. They issued an “outperform” rating and a $130.00 price objective for the company. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $113.73.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 1,083 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total transaction of $120,158.85. Following the transaction, the chief financial officer now directly owns 45,107 shares of the company’s stock, valued at $5,004,621.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Sanjay Mehta sold 1,083 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total transaction of $120,158.85. Following the transaction, the chief financial officer now directly owns 45,107 shares of the company’s stock, valued at $5,004,621.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard John Burns sold 317 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $112.68, for a total value of $35,719.56. Following the transaction, the insider now directly owns 20,300 shares in the company, valued at $2,287,404. The disclosure for this sale can be found here. Insiders have sold 11,797 shares of company stock valued at $1,248,237 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Teradyne Price Performance

Teradyne stock traded down $4.23 during trading hours on Friday, reaching $95.97. The company had a trading volume of 2,919,521 shares, compared to its average volume of 1,791,067. The company has a 50-day moving average price of $105.48 and a 200 day moving average price of $100.40. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 36.70 and a beta of 1.56. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $119.20.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $670.60 million for the quarter, compared to analysts’ expectations of $674.99 million. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. As a group, research analysts expect that Teradyne, Inc. will post 2.82 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were paid a $0.12 dividend. This is a boost from Teradyne’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Thursday, February 15th. Teradyne’s payout ratio is 17.58%.

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.