Oxbow Capital Management HK Ltd Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

Oxbow Capital Management HK Ltd bought a new stake 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 70,000 shares of the company's stock, valued at approximately $8,814,000. Teradyne makes up about 3.1% of Oxbow Capital Management HK Ltd's investment portfolio, making the stock its 9th largest position.

Other hedge funds also recently modified their holdings of the company. Compass Financial Services Inc purchased a new position in shares of Teradyne during the 4th quarter worth about $33,000. Strategic Investment Solutions Inc. IL purchased a new position in Teradyne during the fourth quarter worth approximately $34,000. AllSquare Wealth Management LLC boosted its holdings in shares of Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after buying an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Teradyne during the 4th quarter worth $45,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. TD Cowen lowered their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. UBS Group set a $130.00 price target on shares of Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. Citigroup dropped their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their target price on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Robert W. Baird lowered their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $118.94.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,789 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the sale, the chief financial officer now owns 33,308 shares of the company's stock, valued at $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard John Burns sold 407 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares of the company's stock, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,399 shares of company stock valued at $612,734. 0.16% of the stock is currently owned by company insiders.

Teradyne Stock Down 0.2 %

TER stock traded down $0.18 during trading on Friday, hitting $77.12. 2,588,350 shares of the company's stock traded hands, compared to its average volume of 2,556,138. The stock has a fifty day moving average price of $88.28 and a two-hundred day moving average price of $109.06. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, equities research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.62%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio is presently 14.41%.

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.