Cardiff Park Advisors LLC Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

Cardiff Park Advisors LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) 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 15,000 shares of the company's stock, valued at approximately $1,889,000.

A number of other institutional investors have also made changes to their positions in the stock. Compass Financial Services Inc bought a new stake in Teradyne during the fourth quarter valued at about $33,000. Strategic Investment Solutions Inc. IL bought a new stake in Teradyne during the 4th quarter valued at approximately $34,000. AllSquare Wealth Management LLC grew its holdings in Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after buying an additional 200 shares during the last quarter. Manchester Capital Management LLC grew its holdings 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 buying an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Teradyne in the 4th quarter worth approximately $45,000. 99.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Citigroup decreased their price target on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Morgan Stanley cut their price objective on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus decreased their target price on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Finally, UBS Group set a $130.00 price target on Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $117.56.

Insider Buying and Selling

In other news, insider Richard John Burns sold 445 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Mehta sold 1,384 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the sale, the chief financial officer now directly owns 36,576 shares in the company, valued at $4,077,858.24. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,045 shares of company stock worth $227,997 in the last three months. Insiders own 0.16% of the company's stock.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $75.88 on Monday. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The business has a fifty day moving average of $84.28 and a two-hundred day moving average of $106.87. The stock has a market cap of $12.20 billion, a PE ratio of 22.79, a PEG ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.14. The firm had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The firm's quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. Analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne declared that its Board of Directors has approved a share buyback plan on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

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.

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