ARK Investment Management LLC Grows Position in Teradyne, Inc. (NASDAQ:TER)

ARK Investment Management LLC raised its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500,456 shares of the company's stock after purchasing an additional 77,622 shares during the period. Teradyne accounts for approximately 1.0% of ARK Investment Management LLC's portfolio, making the stock its 26th largest holding. ARK Investment Management LLC owned approximately 0.98% of Teradyne worth $162,829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in Teradyne by 489.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,073,278 shares of the company's stock worth $208,282,000 after purchasing an additional 1,721,306 shares during the last quarter. Norges Bank bought a new position in Teradyne during the 4th quarter valued at $101,896,000. Boston Partners lifted its position in shares of Teradyne by 38.5% in the 3rd quarter. Boston Partners now owns 2,351,867 shares of the company's stock worth $236,164,000 after buying an additional 654,181 shares during the last quarter. Barclays PLC lifted its position in shares of Teradyne by 35.1% in the 2nd quarter. Barclays PLC now owns 2,338,042 shares of the company's stock worth $260,295,000 after buying an additional 607,887 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Teradyne by 153.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 940,931 shares of the company's stock worth $101,160,000 after buying an additional 569,516 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analyst Ratings Changes

TER has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised shares of Teradyne from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $90.00 to $100.00 in a research note on Thursday, February 15th. Bank of America reissued an "underperform" rating and set a $100.00 target price on shares of Teradyne in a research note on Friday, December 15th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $110.00 target price on shares of Teradyne in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $111.00.

Teradyne Trading Up 1.2 %

NASDAQ:TER traded up $1.29 during trading hours on Thursday, hitting $112.83. 2,046,932 shares of the company traded hands, compared to its average volume of 1,809,394. The stock has a market capitalization of $17.27 billion, a price-to-earnings ratio of 40.86 and a beta of 1.55. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $119.20. The firm has a 50-day moving average of $104.04 and a 200 day moving average of $99.25.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $670.60 million during the quarter, compared to analysts' expectations of $674.99 million. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The business's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. Equities research analysts predict that Teradyne, Inc. will post 2.95 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 16th were issued a $0.12 dividend. This is a positive change from Teradyne's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. Teradyne's dividend payout ratio is presently 17.58%.

Insider Transactions at Teradyne

In other news, Director Ernest E. Maddock bought 1,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $94.07 per share, with a total value of $94,070.00. Following the acquisition, the director now owns 4,728 shares in the company, valued at $444,762.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Ernest E. Maddock acquired 1,000 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the acquisition, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard John Burns sold 317 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $112.68, for a total transaction of $35,719.56. Following the sale, the insider now directly owns 20,300 shares in the company, valued at approximately $2,287,404. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,797 shares of company stock valued at $1,248,237. 0.36% of the stock is owned by insiders.

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.