Atlatl Advisers LLC Makes New $1.20 Million Investment in Teradyne, Inc. $TER

Atlatl Advisers LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,741 shares of the company’s stock, valued at approximately $1,203,000.

Other hedge funds also recently modified their holdings of the company. Hemington Wealth Management raised its stake in Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the last quarter. Versant Capital Management Inc lifted its position in Teradyne by 5.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,494 shares of the company’s stock valued at $206,000 after acquiring an additional 82 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Teradyne by 2.3% during the third quarter. LS Investment Advisors LLC now owns 3,945 shares of the company’s stock valued at $543,000 after buying an additional 89 shares during the last quarter. CVA Family Office LLC boosted its holdings in Teradyne by 28.9% during the third quarter. CVA Family Office LLC now owns 424 shares of the company’s stock worth $58,000 after purchasing an additional 95 shares during the last quarter. Finally, Manchester Capital Management LLC grew its stake in Teradyne by 29.4% in the 2nd quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock valued at $53,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TER. Northland Securities set a $186.00 target price on shares of Teradyne in a report on Thursday, October 30th. Zacks Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Morgan Stanley lifted their target price on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Bank of America increased their target price on Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Evercore ISI boosted their price objective on Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average target price of $206.38.

Teradyne Stock Performance

Teradyne stock opened at $241.36 on Monday. Teradyne, Inc. has a one year low of $65.77 and a one year high of $255.20. The stock has a 50-day moving average of $207.62 and a two-hundred day moving average of $158.02. The stock has a market cap of $37.80 billion, a PE ratio of 87.65, a price-to-earnings-growth ratio of 1.73 and a beta of 1.83.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Teradyne’s payout ratio is presently 17.45%.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at $18,804,165.79. This trade represents a 1.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.