Y Intercept Hong Kong Ltd Takes Position in Teradyne, Inc. (NASDAQ:TER)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 83,799 shares of the company's stock, valued at approximately $6,922,000. Teradyne comprises about 0.5% of Y Intercept Hong Kong Ltd's investment portfolio, making the stock its 26th largest holding. Y Intercept Hong Kong Ltd owned about 0.05% of Teradyne as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Choreo LLC raised its holdings in shares of Teradyne by 7.6% in the first quarter. Choreo LLC now owns 2,903 shares of the company's stock worth $240,000 after buying an additional 205 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Teradyne by 40.9% during the first quarter. Allianz Asset Management GmbH now owns 455,738 shares of the company's stock worth $37,644,000 after purchasing an additional 132,252 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Teradyne by 2.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 12,557 shares of the company's stock worth $1,037,000 after purchasing an additional 272 shares during the last quarter. Calton & Associates Inc. raised its holdings in shares of Teradyne by 595.4% during the first quarter. Calton & Associates Inc. now owns 47,112 shares of the company's stock worth $3,891,000 after purchasing an additional 40,337 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Teradyne by 15.6% during the first quarter. Kestra Private Wealth Services LLC now owns 6,608 shares of the company's stock worth $546,000 after purchasing an additional 891 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Down 1.2%

TER stock traded down $1.12 during trading hours on Tuesday, hitting $93.70. 2,637,673 shares of the stock were exchanged, compared to its average volume of 2,795,684. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $154.14. The firm has a market capitalization of $15.03 billion, a P/E ratio of 26.47, a P/E/G ratio of 4.20 and a beta of 1.70. The company has a 50-day simple moving average of $86.73 and a two-hundred day simple moving average of $95.24.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. The business had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. On average, equities research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne declared that its board has initiated a stock repurchase program on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is currently 13.56%.

Wall Street Analysts Forecast Growth

TER has been the topic of several research reports. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $102.00 price target (up from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the stock an "overweight" rating in a research note on Tuesday, June 24th. The Goldman Sachs Group started coverage on shares of Teradyne in a research note on Thursday, July 10th. They set a "sell" rating and a $80.00 target price on the stock. Finally, Susquehanna decreased their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $112.50.

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.