35,471 Shares in Teradyne, Inc. (NASDAQ:TER) Purchased by Naples Money Management LLC

Naples Money Management LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 35,471 shares of the company's stock, valued at approximately $3,849,000. Teradyne makes up approximately 3.6% of Naples Money Management LLC's holdings, making the stock its 5th biggest position.

Other hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC acquired a new position in Teradyne during the third quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Teradyne during the third quarter valued at approximately $27,000. CVA Family Office LLC acquired a new position in Teradyne during the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC acquired a new position in Teradyne during the third quarter valued at approximately $36,000. Finally, NBC Securities Inc. acquired a new position in Teradyne during the third quarter valued at approximately $37,000. 99.77% of the stock is currently owned by institutional investors.

Insider Transactions at Teradyne

In related news, Director Ernest E. Maddock acquired 1,000 shares of the stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the purchase, 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 available at this hyperlink. In other Teradyne news, CFO Sanjay Mehta sold 8,653 shares of the firm's stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the transaction, the chief financial officer now owns 31,180 shares in the company, valued at approximately $3,277,018. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ernest E. Maddock acquired 1,000 shares of the stock in a transaction on Thursday, February 1st. The shares were bought at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the purchase, the director now owns 4,728 shares in the company, valued at $444,762.96. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 11,797 shares of company stock worth $1,248,237. Company insiders own 0.36% of the company's stock.

Teradyne Stock Performance

Shares of NASDAQ TER traded down $4.23 during trading hours on Friday, reaching $95.97. 2,919,521 shares of the stock were exchanged, compared to its average volume of 1,791,067. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 36.70 and a beta of 1.56. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $119.20. The stock's fifty day simple moving average is $105.48 and its 200 day simple moving average is $100.40.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The company had revenue of $670.60 million for the quarter, compared to analyst estimates of $674.99 million. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The firm's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. Research analysts predict that Teradyne, Inc. will post 2.82 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 paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. This is a positive change from Teradyne's previous quarterly dividend of $0.11. Teradyne's dividend payout ratio (DPR) is 17.58%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TER shares. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $110.00 price objective on shares of Teradyne in a research report on Monday, March 4th. JPMorgan Chase & Co. raised their price objective on Teradyne from $100.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Finally, Evercore ISI started coverage on Teradyne in a research report on Tuesday. They issued an "outperform" rating and a $130.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.

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