Dimensional Fund Advisors LP Boosts Stake in Teradyne, Inc. (NASDAQ:TER)

Dimensional Fund Advisors LP raised its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 944,941 shares of the company's stock after purchasing an additional 127,084 shares during the period. Dimensional Fund Advisors LP owned 0.58% of Teradyne worth $118,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Compass Financial Services Inc bought a new stake in shares of Teradyne in the 4th quarter worth about $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in Teradyne in the fourth quarter worth $34,000. AllSquare Wealth Management LLC lifted its position in shares of Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC boosted its stake in shares of Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after purchasing an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Teradyne in the fourth quarter worth about $45,000. 99.77% of the stock is owned by institutional investors.

Insider Activity

In other Teradyne news, CFO Sanjay Mehta sold 1,384 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $154,302.16. Following the transaction, the chief financial officer now owns 36,576 shares in the company, valued at approximately $4,077,858.24. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,045 shares of company stock worth $227,997 over the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

Teradyne Price Performance

NASDAQ TER traded up $3.12 on Friday, hitting $76.90. The stock had a trading volume of 528,467 shares, compared to its average volume of 3,373,503. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The business's fifty day moving average price is $84.99 and its 200 day moving average price is $107.50. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER - Get Free Report) last announced its 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. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The firm had revenue of $685.70 million for the quarter, compared to the consensus estimate of $680.54 million. During the same period in the previous year, the business earned $0.51 EPS. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its Board of Directors has approved a stock buyback program on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

TER has been the subject of a number of research analyst reports. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Susquehanna lowered their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, Morgan Stanley decreased their price objective on Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.