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

DigitalBridge Group Inc. increased its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 41.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,270 shares of the company's stock after purchasing an additional 64,299 shares during the quarter. Teradyne accounts for 2.0% of DigitalBridge Group Inc.'s portfolio, making the stock its 20th largest position. DigitalBridge Group Inc. owned about 0.14% of Teradyne worth $27,736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Teradyne during the fourth quarter valued at $12,118,000. Empowered Funds LLC grew its holdings in Teradyne by 16.2% during the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock valued at $3,811,000 after purchasing an additional 4,212 shares during the period. Boston Trust Walden Corp increased its position in Teradyne by 3.3% in the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock worth $51,398,000 after buying an additional 13,020 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its stake in shares of Teradyne by 2.6% in the fourth quarter. New Mexico Educational Retirement Board now owns 7,800 shares of the company's stock worth $982,000 after buying an additional 200 shares during the period. Institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TER. Citigroup cut their price objective on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Bank of America dropped their price target on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Morgan Stanley dropped their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Finally, Robert W. Baird decreased their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Teradyne has a consensus rating of "Moderate Buy" and an average target price of $114.67.

Teradyne Stock Performance

NASDAQ TER traded up $0.59 on Thursday, hitting $80.84. 844,965 shares of the stock were exchanged, compared to its average volume of 2,589,635. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The firm has a market capitalization of $12.97 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.83 and a beta of 1.70. The stock has a fifty day moving average price of $77.65 and a two-hundred day moving average price of $102.78.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The firm had revenue of $685.70 million during the quarter, compared to analysts' expectations of $680.54 million. During the same period in the previous year, the company earned $0.51 EPS. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

Teradyne announced that its board has authorized a stock repurchase program on Monday, April 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are usually 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.