Harel Insurance Investments & Financial Services Ltd. Invests $468,000 in Teradyne, Inc. (NASDAQ:TER)

Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,665 shares of the company's stock, valued at approximately $468,000.

Several other hedge funds have also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Teradyne during the 4th quarter worth $34,000. AllSquare Wealth Management LLC boosted its holdings in Teradyne by 200.0% during the fourth 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. Murphy & Mullick Capital Management Corp acquired a new position in Teradyne during the fourth quarter worth about $45,000. Atala Financial Inc purchased a new position in Teradyne in the fourth quarter valued at about $47,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of Teradyne during the 1st quarter valued at approximately $45,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TER has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Bank of America lowered their target price on Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. UBS Group set a $130.00 price target on Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Finally, Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the company an "overweight" rating in a report on Tuesday, June 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $114.33.

Teradyne Price Performance

NASDAQ:TER traded down $1.31 during mid-day trading on Friday, reaching $92.87. The company's stock had a trading volume of 2,188,783 shares, compared to its average volume of 2,724,744. The stock has a market cap of $14.90 billion, a P/E ratio of 26.23, a P/E/G ratio of 4.07 and a beta of 1.70. The company's fifty day simple moving average is $83.06 and its two-hundred day simple moving average is $97.99. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.14. The firm had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. Teradyne's revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. Sell-side analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is currently 13.56%.

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