Teradyne, Inc. (NASDAQ:TER) Position Increased by Assetmark Inc.

Assetmark Inc. has significantly increased its investment in Teradyne, Inc. (NASDAQ:TER) by 107.5% during the fourth quarter of the year, as stated in its latest Form 13F filing with the Securities and Exchange Commission (SEC). Following recent purchases, Assetmark now holds a total of 1,917 shares of Teradyne. This increase adds an additional 993 shares to their previous stake. At the end of the last quarter, the value of Assetmark's holdings in Teradyne was approximately $241,000.

Other institutional investors have also made moves regarding their positions in Teradyne. For instance, during the same quarter, Compass Financial Services Inc acquired a new stake in Teradyne valued at around $33,000. Similarly, Manchester Capital Management LLC expanded its stake in Teradyne by an impressive 264.0%, now owning 313 shares worth approximately $39,000 after acquiring an additional 227 shares. Other investors include Coastline Trust Co and Brooklyn Investment Group, both of which initiated new positions in Teradyne earlier this year. Quarry LP increased its holdings in Teradyne by 91.9% during the last quarter, now holding 451 shares valued at $60,000. Currently, institutional investors own a substantial 99.77% of the company's shares.

Analysts Set New Price Targets

Recent reports from several research analysts highlight varying perspectives on Teradyne. Northland Capital Market upgraded their rating from “hold” to “strong buy” recently. Meanwhile, Cantor Fitzgerald has lowered its price target for Teradyne from $150.00 to $110.00 while retaining an “overweight” rating. KeyCorp has also lowered its price objective from $150.00 to $140.00, maintaining an “overweight” rating. TD Cowen adjusted their target price from $135.00 to $110.00, endorsing a “buy” rating. In contrast, Bank of America has decreased its price target from $100.00 to $85.00 and assigned an “underperform” rating. Overall, the stock has received a mix of ratings, with two analysts rating it as a sell, three as a hold, twelve as a buy, and one giving it a strong buy classification. According to MarketBeat, Teradyne has an average rating classified as “Moderate Buy” and an average price target of $123.69.

Teradyne Stock Performance

On the latest trading day, Teradyne stock (TER) opened at $85.33. Over the past twelve months, the stock has seen a low of $82.98 and a high of $163.21. It currently has a 50-day moving average of $118.48 and a 200-day moving average of $120.70. Teradyne boasts a market capitalization of $13.80 billion, a PE ratio of 25.62, and a price-to-earnings-growth ratio of 2.83, along with a beta of 1.46.

In terms of financial performance, Teradyne reported its quarterly earnings on January 29. The company achieved $0.95 earnings per share, surpassing analyst expectations, which were set at $0.91. Teradyne reported a net margin of 19.23% and a return on equity of 19.08%. Analysts are forecasted to predict an EPS of 3.88 for the current year.

Teradyne Dividend Announcement

Additionally, Teradyne has declared a quarterly dividend that is set to be paid on March 14. Investors who were on record as of February 14 will receive a dividend of $0.12 per share. This translates to an annualized dividend of $0.48, resulting in a yield of 0.56%. The company has a dividend payout ratio of 14.41%.

Insider Activity at Teradyne

In related news, Teradyne's CEO, Gregory Stephen Smith, sold 3,080 shares on January 3 at an average price of $130.00, totaling approximately $400,400. Following this transaction, the CEO continues to hold 74,660 shares valued at $9,705,800. This sale represented a 3.96% reduction in ownership. Additionally, CFO Sanjay Mehta sold 1,384 shares on February 4 at an average price of $111.49, totaling around $154,302.16. Consequently, he now holds approximately 36,576 shares valued at around $4,077,858.24, representing a 3.65% decrease in his position. Insiders have sold 8,479 shares valued at over $1 million in the past three months, and insiders collectively own 0.36% of the company's stock.

About Teradyne

Teradyne, Inc. is a leading provider of automated test systems and robotics products, operating on a global scale. The company functions through various segments, including Semiconductor Test, System Test, Robotics, and Wireless Test. Its Semiconductor Test segment delivers products and services for wafer-level and device-package testing, serving industries such as automotive, industrial, communications, consumer electronics, and more.

Teradyne, Investment, Stock