Murphy & Mullick Capital Management Corp Acquires New Shares in Teradyne, Inc. (NASDAQ:TER)

Murphy & Mullick Capital Management Corp bought a new position in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 361 shares of the company’s stock, valued at approximately $45,000.

Several other hedge funds have also recently modified their holdings of TER. Van ECK Associates Corp lifted its position in Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Teradyne in the 4th quarter worth $160,087,000. Assenagon Asset Management S.A. grew its holdings in shares of Teradyne by 1,767.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after acquiring an additional 873,626 shares during the period. Alkeon Capital Management LLC increased its position in Teradyne by 189.6% during the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after acquiring an additional 749,003 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in Teradyne in the third quarter valued at about $91,129,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 2.6 %

NASDAQ:TER opened at $85.68 on Friday. Teradyne, Inc. has a 12-month low of $82.98 and a 12-month high of $163.21. The stock has a market capitalization of $13.86 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.83 and a beta of 1.46. The stock has a 50-day moving average price of $109.02 and a 200 day moving average price of $117.77.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 EPS 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, research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,789 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 $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. This represents a 5.10 % decrease in their ownership of the stock. 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 Teradyne stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction 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 $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. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TER. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. UBS Group set a $130.00 target price on shares of Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. Robert W. Baird decreased their price target on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Citigroup cut 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. Finally, Bank of America decreased their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus target price 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.