Prospector Partners LLC Invests $6.30 Million in Teradyne, Inc. (NASDAQ:TER)

Prospector Partners LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 58,050 shares of the company's stock, valued at approximately $6,300,000.

Several other institutional investors and hedge funds also recently modified their holdings of TER. Cornerstone Planning Group LLC purchased a new position in shares of Teradyne during the third quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Teradyne during the third quarter valued at approximately $27,000. CVA Family Office LLC purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $33,000. NBC Securities Inc. purchased a new position in shares of Teradyne during the third quarter valued at approximately $37,000. Finally, American National Bank purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Down 1.8 %

Shares of Teradyne stock traded down $2.61 during trading hours on Thursday, hitting $140.25. The company's stock had a trading volume of 2,292,429 shares, compared to its average volume of 2,002,058. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $145.64. The business has a fifty day moving average of $113.54 and a 200 day moving average of $104.99. The company has a market capitalization of $21.89 billion, a PE ratio of 54.32, a P/E/G ratio of 2.66 and a beta of 1.50.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The business's quarterly revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Tuesday, May 21st. Teradyne's payout ratio is 18.25%.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 3,750 shares of the firm's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares of the company's stock, valued at approximately $5,030,754.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now directly owns 21,780 shares in the company, valued at approximately $2,997,799.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The disclosure for this sale can be found here. In the last three months, insiders sold 9,380 shares of company stock valued at $1,214,863. Corporate insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

TER has been the topic of several recent analyst reports. Evercore ISI initiated coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an "outperform" rating and a $130.00 price objective on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $110.00 price objective on shares of Teradyne in a research note on Thursday, April 25th. KeyCorp upped their price target on shares of Teradyne from $140.00 to $149.00 and gave the stock an "overweight" rating in a research report on Tuesday. Susquehanna upped their price target on shares of Teradyne from $125.00 to $130.00 and gave the stock a "positive" rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $122.17.

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.