DigitalBridge Group Inc. Has $27.74 Million Stake in Teradyne, Inc. (NASDAQ:TER)

DigitalBridge Group Inc. lifted its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 41.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 220,270 shares of the company's stock after buying an additional 64,299 shares during the quarter. Teradyne makes up 2.0% of DigitalBridge Group Inc.'s portfolio, making the stock its 19th biggest position. DigitalBridge Group Inc. owned approximately 0.14% of Teradyne worth $27,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TER. Compass Financial Services Inc acquired a new position in shares of Teradyne in the 4th quarter valued at about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne in the fourth quarter worth approximately $34,000. AllSquare Wealth Management LLC raised its position in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC raised its holdings in shares of Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after purchasing an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Teradyne during the 4th quarter valued at $45,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

TER traded up $5.76 during midday trading on Monday, hitting $83.18. The company had a trading volume of 1,701,387 shares, compared to its average volume of 2,581,974. The firm's 50-day simple moving average is $80.93 and its 200-day simple moving average is $105.24. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The company has a market capitalization of $13.34 billion, a PE ratio of 25.04, a P/E/G ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.14. The business had revenue of $685.70 million for the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Teradyne's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be paid a $0.12 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.58%. Teradyne's payout ratio is currently 13.56%.

Teradyne announced that its Board of Directors has initiated a stock repurchase plan on Monday, April 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 8.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TER. Stifel Nicolaus dropped their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Morgan Stanley decreased their price target on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Vertical Research initiated coverage on Teradyne in a research note on Friday, March 7th. They issued a "buy" rating and a $135.00 price objective on the stock. Finally, TD Cowen lowered their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $117.56.

Teradyne 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.