Teradyne, Inc. (NASDAQ:TER) Stock Holdings Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in Teradyne, Inc. (NASDAQ:TER) by 122.0% during the fourth quarter, Holdings Channel reports. The firm owned 36,816 shares of the company’s stock after purchasing an additional 20,232 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Teradyne were worth $4,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Compass Financial Services Inc purchased a new position in shares of Teradyne in the fourth quarter worth approximately $33,000. Manchester Capital Management LLC increased its position in shares of 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 acquiring an additional 227 shares in the last quarter. Coastline Trust Co purchased a new position in shares of Teradyne in the third quarter worth approximately $46,000. Brooklyn Investment Group purchased a new position in shares of Teradyne in the third quarter worth approximately $52,000. Finally, Quarry LP increased its position in shares of Teradyne by 91.9% in the third quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after acquiring an additional 216 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TER has been the topic of a number of research analyst reports. Bank of America lowered their price objective on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. Stifel Nicolaus lowered their price objective on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Citigroup lowered their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Cantor Fitzgerald lowered their price objective on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Finally, KeyCorp lowered their price objective on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $121.44.

Insider Transactions at Teradyne

In related news, 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 transaction of $49,047.57. Following the completion of the transaction, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. This represents a 1.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by insiders.

Teradyne Trading Up 1.7 %

Shares of Teradyne stock opened at $86.74 on Monday. The firm has a fifty day simple moving average of $117.60 and a 200-day simple moving average of $120.19. Teradyne, Inc. has a 1-year low of $82.98 and a 1-year high of $163.21. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.83 and a beta of 1.46.

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 net margin of 19.23% and a return on equity of 19.08%. As a group, research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, February 14th. Teradyne’s payout ratio is 14.41%.

Teradyne 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.