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

DigitalBridge Group Inc. increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 41.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,270 shares of the company's stock after acquiring an additional 64,299 shares during the period. Teradyne comprises approximately 2.0% of DigitalBridge Group Inc.'s holdings, making the stock its 20th largest holding. DigitalBridge Group Inc. owned approximately 0.14% of Teradyne worth $27,736,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Compass Financial Services Inc bought a new stake in Teradyne during the 4th quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne during the 4th quarter worth $34,000. AllSquare Wealth Management LLC lifted its holdings in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after buying an additional 200 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Teradyne by 264.0% during 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 acquired a new position in Teradyne during the 4th quarter worth $45,000. 99.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TER has been the topic of several research reports. Citigroup reduced their price objective on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. TD Cowen cut their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird cut their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Susquehanna cut their price target on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Finally, Vertical Research initiated coverage on Teradyne in a research note on Friday, March 7th. They issued a "buy" rating and a $135.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Teradyne has a consensus rating of "Moderate Buy" and an average price target of $117.56.

Teradyne Stock Up 6.2%

Teradyne stock traded up $4.76 during mid-day trading on Tuesday, hitting $81.74. 3,696,142 shares of the company's stock were exchanged, compared to its average volume of 2,593,858. The firm has a market capitalization of $13.11 billion, a P/E ratio of 24.55, a PEG ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The company's 50 day simple moving average is $77.93 and its 200-day simple moving average is $103.09.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping the consensus estimate 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 return on equity of 19.08% and a net margin of 19.23%. The firm's revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

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

About Teradyne

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.