Novem Group Takes $955,000 Position in Teradyne, Inc. (NASDAQ:TER)

Novem Group acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,582 shares of the company's stock, valued at approximately $955,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Teradyne by 19.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,273,642 shares of the company's stock worth $160,377,000 after acquiring an additional 208,290 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Teradyne by 7.3% in the 4th quarter. Vident Advisory LLC now owns 5,342 shares of the company's stock valued at $673,000 after purchasing an additional 363 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Teradyne by 42.9% during the 4th quarter. Two Sigma Investments LP now owns 250,702 shares of the company's stock valued at $31,568,000 after buying an additional 75,257 shares during the period. TrinityPoint Wealth LLC grew its stake in shares of Teradyne by 31.6% during the 4th quarter. TrinityPoint Wealth LLC now owns 2,116 shares of the company's stock valued at $266,000 after buying an additional 508 shares during the period. Finally, Tema Etfs LLC acquired a new stake in shares of Teradyne during the 4th quarter worth $697,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

Teradyne stock opened at $78.98 on Thursday. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. The firm's fifty day moving average price is $78.63 and its 200 day moving average price is $103.79.

Teradyne (NASDAQ:TER - Get Free Report) last announced its 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. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The company had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same period last year, the firm earned $0.51 earnings per share. The company's revenue was up 14.3% on a year-over-year basis. Analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne announced that its board has authorized a share repurchase program on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

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 issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.61%. Teradyne's dividend payout ratio is presently 13.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TER. JPMorgan Chase & Co. reduced their target price on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Susquehanna dropped their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird reduced their price target 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, Stifel Nicolaus decreased their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $117.56.

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.

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