Forum Financial Management LP Invests $487,000 in Teradyne, Inc. (NASDAQ:TER)

Forum Financial Management LP purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,870 shares of the company's stock, valued at approximately $487,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Roberts Glore & Co. Inc. IL increased its holdings in Teradyne by 2.2% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock valued at $517,000 after purchasing an additional 90 shares during the period. Covestor Ltd increased its holdings in Teradyne by 12.3% during the 4th quarter. Covestor Ltd now owns 901 shares of the company's stock valued at $113,000 after purchasing an additional 99 shares during the period. Snowden Capital Advisors LLC increased its holdings in Teradyne by 2.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company's stock valued at $472,000 after purchasing an additional 103 shares during the period. CIBC Private Wealth Group LLC increased its holdings in Teradyne by 4.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company's stock valued at $429,000 after purchasing an additional 119 shares during the period. Finally, Citizens Financial Group Inc. RI increased its holdings in Teradyne by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock valued at $283,000 after purchasing an additional 124 shares during the period. Institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

Shares of NASDAQ TER traded down $3.83 during midday trading on Friday, hitting $77.15. 946,962 shares of the stock traded hands, compared to its average volume of 3,222,864. The firm has a 50-day moving average of $77.45 and a two-hundred day moving average of $102.59. The firm has a market capitalization of $12.38 billion, a P/E ratio of 23.17, a PEG ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21.

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

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.62%. Teradyne's payout ratio is 13.56%.

Teradyne announced that its board has approved a stock repurchase program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

TER has been the topic of a number of research analyst reports. KeyCorp restated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Vertical Research initiated coverage on Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 target price on the stock. Cantor Fitzgerald reduced their target price on Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Susquehanna reduced their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Finally, Robert W. Baird reduced their target price on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.67.

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.