Kornitzer Capital Management Inc. KS Makes New $4.53 Million Investment in Teradyne, Inc. (NASDAQ:TER)

Kornitzer Capital Management Inc. KS acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, Holdings Channel.com reports. The firm acquired 36,000 shares of the company’s stock, valued at approximately $4,533,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne in the 3rd quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Teradyne in the 4th quarter valued at approximately $33,000. Manchester Capital Management LLC raised its position in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares during the period. Coastline Trust Co acquired a new stake in shares of Teradyne in the 3rd quarter valued at approximately $46,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Teradyne in the 3rd quarter valued at approximately $52,000. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Up 1.6 %

Shares of TER opened at $115.08 on Wednesday. The stock has a market capitalization of $18.74 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.68 and a beta of 1.45. Teradyne, Inc. has a twelve month low of $95.80 and a twelve month high of $163.21. The company has a 50 day moving average of $125.27 and a 200-day moving average of $123.04.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results 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%. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. Teradyne’s dividend payout ratio is currently 14.41%.

Teradyne declared that its board has approved a share buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently weighed in on TER shares. Robert W. Baird cut their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. KeyCorp dropped their target price on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Finally, Susquehanna raised their target price on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $143.77.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 20,764 shares of the company’s stock, valued at $2,502,269.64. This represents a 1.92 % 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 valued at $1,013,134. 0.18% of the stock is owned by corporate insiders.

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.