Cardiff Park Advisors LLC Takes Position in Teradyne, Inc. (NASDAQ:TER)

Cardiff Park Advisors LLC bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,000 shares of the company's stock, valued at approximately $1,889,000.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Teradyne during the 4th quarter valued at about $12,118,000. Franklin Resources Inc. grew its stake in shares of Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after purchasing an additional 20,762 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Teradyne by 16.2% in the 4th quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock worth $3,811,000 after purchasing an additional 4,212 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its stake in Teradyne by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock valued at $51,398,000 after purchasing an additional 13,020 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Price Performance

TER traded up $0.58 during midday trading on Friday, hitting $77.42. 2,353,949 shares of the company's stock traded hands, compared to its average volume of 2,585,045. The company has a market cap of $12.42 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. The stock's fifty day simple moving average is $80.93 and its 200-day simple moving average is $105.27. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.14. The business had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Teradyne's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. On average, research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its Board of Directors has initiated a share repurchase program on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Thursday, May 22nd. Teradyne's dividend payout ratio is 13.56%.

Analysts Set New Price Targets

Several research firms have issued reports on TER. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Susquehanna cut their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. TD Cowen cut their price objective on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Finally, Stifel Nicolaus decreased their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Teradyne has a consensus rating of "Moderate Buy" and an average price target of $117.56.

Teradyne Company 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.