DigitalBridge Group Inc. Raises Holdings in Teradyne, Inc. (NASDAQ:TER)

DigitalBridge Group Inc. increased its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,270 shares of the company's stock after buying an additional 64,299 shares during the period. Teradyne accounts for 2.0% of DigitalBridge Group Inc.'s portfolio, making the stock its 19th largest position. DigitalBridge Group Inc. owned approximately 0.14% of Teradyne worth $27,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in Teradyne during the 4th quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL bought a new position in Teradyne in the 4th quarter valued at approximately $34,000. AllSquare Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after buying an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Teradyne in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

Shares of TER traded up $0.58 during midday trading on Friday, hitting $77.42. The stock had a trading volume of 2,353,949 shares, compared to its average volume of 2,580,250. The stock's 50 day moving average is $80.93 and its 200 day moving average is $105.41. The firm has a market cap of $12.45 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21.

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

Teradyne declared that its Board of Directors has approved a share buyback program on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

Teradyne Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. TD Cowen decreased their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. UBS Group set a $130.00 price objective on Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. Morgan Stanley decreased their price target on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Northland Securities lowered their target price on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.