CloudAlpha Capital Management Limited Hong Kong Invests $1.04 Million in Teradyne, Inc. (NASDAQ:TER)

CloudAlpha Capital Management Limited Hong Kong bought a new position in Teradyne, Inc. (NASDAQ:TER - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,600 shares of the company's stock, valued at approximately $1,042,000. Teradyne comprises approximately 0.1% of CloudAlpha Capital Management Limited Hong Kong's portfolio, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Teradyne by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 18,128,206 shares of the company's stock worth $2,143,298,000 after purchasing an additional 154,445 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Teradyne by 1.7% in the 1st quarter. BlackRock Inc. now owns 13,566,844 shares of the company's stock worth $1,458,571,000 after purchasing an additional 229,924 shares in the last quarter. FMR LLC boosted its holdings in shares of Teradyne by 3.9% in the 3rd quarter. FMR LLC now owns 11,533,715 shares of the company's stock worth $1,158,677,000 after purchasing an additional 437,054 shares in the last quarter. State Street Corp boosted its holdings in Teradyne by 2.1% during the 1st quarter. State Street Corp now owns 6,423,963 shares of the company's stock valued at $690,640,000 after acquiring an additional 131,204 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Teradyne by 2.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company's stock valued at $445,254,000 after acquiring an additional 106,848 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Teradyne

In other news, Director Ernest E. Maddock bought 1,000 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the transaction, the director now owns 4,728 shares of the company's stock, valued at $444,762.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Ernest E. Maddock bought 1,000 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the transaction, the director now owns 4,728 shares of the company's stock, valued at $444,762.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard John Burns sold 317 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $112.68, for a total value of $35,719.56. Following the completion of the transaction, the insider now directly owns 20,300 shares of the company's stock, valued at approximately $2,287,404. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,797 shares of company stock valued at $1,248,237. Corporate insiders own 0.18% of the company's stock.

Teradyne Trading Down 2.7 %

NASDAQ TER traded down $2.86 on Wednesday, hitting $102.07. The company's stock had a trading volume of 2,237,572 shares, compared to its average volume of 1,771,504. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $119.20. The company's 50-day simple moving average is $105.45 and its 200 day simple moving average is $100.41. The firm has a market cap of $15.61 billion, a P/E ratio of 37.39 and a beta of 1.56.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The business had revenue of $670.60 million during the quarter, compared to analysts' expectations of $674.99 million. During the same quarter last year, the business posted $0.92 EPS. The business's revenue was down 8.4% on a year-over-year basis. On average, research analysts forecast that Teradyne, Inc. will post 2.95 EPS 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 given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.47%. This is a positive change from Teradyne's previous quarterly dividend of $0.11. Teradyne's dividend payout ratio is currently 17.58%.

Analyst Ratings Changes

TER has been the subject of several analyst reports. Evercore ISI initiated coverage on Teradyne in a report on Tuesday. They set an "outperform" rating and a $130.00 target price for the company. Cantor Fitzgerald restated a "neutral" rating and set a $110.00 target price on shares of Teradyne in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. increased their target price on Teradyne from $100.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. One 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $113.73.

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.