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4,268 Shares in Teradyne, Inc. (NASDAQ:TER) Purchased by Blueshift Asset Management LLC

Teradyne logo with Computer and Technology background

Key Points

  • Blueshift Asset Management LLC acquired 4,268 shares of Teradyne, Inc. for approximately $353,000, indicating interest from institutional investors in the company's stock.
  • The company's stock has seen varied ratings from analysts, with Goldman Sachs maintaining a "sell" rating while Cowen rated it as a "buy"; the average rating stands at "Hold" with a consensus target price of $114.44.
  • Teradyne recently announced a $1.00 billion stock repurchase plan to buy back up to 8.1% of its outstanding shares, signaling confidence from the board in the company’s valuation.
  • Five stocks to consider instead of Teradyne.

Blueshift Asset Management LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,268 shares of the company's stock, valued at approximately $353,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berbice Capital Management LLC lifted its position in Teradyne by 200.0% during the first quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock valued at $25,000 after purchasing an additional 200 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Teradyne during the fourth quarter valued at approximately $34,000. Sentry Investment Management LLC bought a new position in Teradyne during the first quarter valued at approximately $45,000. AdvisorNet Financial Inc lifted its position in Teradyne by 319.0% during the first quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock valued at $49,000 after purchasing an additional 453 shares during the period. Finally, Allworth Financial LP lifted its position in Teradyne by 36.1% during the first quarter. Allworth Financial LP now owns 795 shares of the company's stock valued at $61,000 after purchasing an additional 211 shares during the period. Institutional investors own 99.77% of the company's stock.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 554 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $105.73, for a total transaction of $58,574.42. Following the completion of the transaction, the chief executive officer directly owned 97,547 shares of the company's stock, valued at approximately $10,313,644.31. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Teradyne from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $74.00 to $100.00 in a research report on Thursday, July 31st. Cowen reiterated a "buy" rating on shares of Teradyne in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $102.00 price target (up from $88.00) on shares of Teradyne in a research report on Thursday, July 17th. Susquehanna decreased their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. Finally, UBS Group reiterated a "buy" rating and issued a $130.00 price target (up from $120.00) on shares of Teradyne in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $114.44.

Check Out Our Latest Stock Report on Teradyne

Teradyne Trading Up 0.7%

TER traded up $0.71 during trading on Tuesday, hitting $106.43. 386,037 shares of the company traded hands, compared to its average volume of 3,461,435. The company has a market cap of $17.07 billion, a PE ratio of 36.78, a P/E/G ratio of 2.19 and a beta of 1.72. The stock's 50-day simple moving average is $90.28 and its two-hundred day simple moving average is $92.25. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $144.16.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The company had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. Teradyne's quarterly revenue was down 10.7% on a year-over-year basis. During the same period last year, the company posted $0.86 earnings per share. Equities analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

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

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is presently 16.61%.

Teradyne Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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