Senvest Management LLC Buys New Position in Teradyne, Inc. (NASDAQ:TER)

Senvest Management LLC bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 212,267 shares of the company's stock, valued at approximately $23,035,000. Teradyne makes up approximately 0.9% of Senvest Management LLC's portfolio, making the stock its 25th largest position. Senvest Management LLC owned 0.14% of Teradyne at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Teradyne by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,810 shares of the company's stock valued at $2,579,000 after purchasing an additional 1,350 shares during the last quarter. Raymond James Trust N.A. lifted its position in Teradyne by 18.9% during the first quarter. Raymond James Trust N.A. now owns 3,066 shares of the company's stock valued at $363,000 after purchasing an additional 488 shares during the last quarter. Cibc World Market Inc. lifted its position in Teradyne by 3.3% during the first quarter. Cibc World Market Inc. now owns 6,009 shares of the company's stock valued at $710,000 after purchasing an additional 193 shares during the last quarter. Sei Investments Co. lifted its position in Teradyne by 32.7% during the first 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 bought a new position in Teradyne during the first quarter valued at $382,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Up 1.2 %

TER traded up $1.32 on Friday, reaching $107.27. 1,132,835 shares of the company traded hands, compared to its average volume of 1,780,163. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20. The firm has a fifty day simple moving average of $104.21 and a two-hundred day simple moving average of $99.87. The company has a market cap of $16.41 billion, a P/E ratio of 39.29 and a beta of 1.56.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The company had revenue of $670.60 million during the quarter, compared to analyst estimates of $674.99 million. During the same quarter last year, the business posted $0.92 EPS. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts forecast that Teradyne, Inc. will post 2.95 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were issued a dividend of $0.12 per share. This is a positive change from Teradyne's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. Teradyne's dividend payout ratio (DPR) is presently 17.58%.

Insider Activity at Teradyne

In other Teradyne news, insider Richard John Burns sold 317 shares of the firm's stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $112.68, for a total transaction of $35,719.56. Following the transaction, the insider now owns 20,300 shares of the company's stock, valued at approximately $2,287,404. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Teradyne news, insider Richard John Burns sold 317 shares of the firm's stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $112.68, for a total transaction of $35,719.56. Following the transaction, the insider now owns 20,300 shares of the company's stock, valued at approximately $2,287,404. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ernest E. Maddock bought 1,000 shares of the business's stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the transaction, the director now directly owns 4,728 shares in the company, valued at approximately $444,762.96. The disclosure for this purchase can be found here. Insiders sold 11,797 shares of company stock worth $1,248,237 in the last 90 days. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.