PAX Financial Group LLC Makes New $942,000 Investment in Teradyne, Inc. (NASDAQ:TER)

PAX Financial Group LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,477 shares of the company’s stock, valued at approximately $942,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TER. Compass Financial Services Inc bought a new position in Teradyne during the fourth quarter valued at approximately $33,000. AllSquare Wealth Management LLC boosted its stake in shares of Teradyne by 200.0% during 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 in the last quarter. Manchester Capital Management LLC grew its stake in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after purchasing an additional 227 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in Teradyne in the fourth quarter worth about $45,000. Finally, Atala Financial Inc purchased a new position in shares of Teradyne in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares of the company’s stock, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,399 shares of company stock worth $612,734. Insiders own 0.36% of the company’s stock.

Teradyne Trading Down 10.2 %

TER opened at $75.09 on Friday. Teradyne, Inc. has a 12-month low of $72.75 and a 12-month high of $163.21. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.83 and a beta of 1.46. The business’s fifty day simple moving average is $103.64 and its 200-day simple moving average is $116.15.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. On average, equities research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.64%. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Northland Securities dropped their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Robert W. Baird lowered their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. dropped their price objective on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Susquehanna cut their target price on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a report on Wednesday, March 12th. Finally, UBS Group set a $130.00 price objective on Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.44.

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.