Pallas Capital Advisors LLC Takes $1.15 Million Position in Teradyne, Inc. (NASDAQ:TER)

Pallas Capital Advisors LLC bought a new position in Teradyne, Inc. (NASDAQ:TER - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,925 shares of the company's stock, valued at approximately $1,150,000.

Other institutional investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in Teradyne during the fourth quarter valued at approximately $34,000. AllSquare Wealth Management LLC grew its position in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC increased its stake in shares of 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 purchasing an additional 227 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Teradyne during the 4th quarter valued at $45,000. Finally, Atala Financial Inc bought a new position in shares of Teradyne during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Price Performance

Shares of NASDAQ TER traded down $2.83 during mid-day trading on Friday, hitting $83.08. The company had a trading volume of 2,736,591 shares, compared to its average volume of 2,639,279. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The firm has a market cap of $13.33 billion, a P/E ratio of 24.95, a PEG ratio of 2.83 and a beta of 1.69. The business's 50-day simple moving average is $78.24 and its 200-day simple moving average is $100.88.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data 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 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 quarter last year, the company earned $0.51 EPS. The company's quarterly revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

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

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TER shares. Bank of America decreased their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Robert W. Baird decreased their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Stifel Nicolaus lowered their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. UBS Group set a $130.00 target price on Teradyne and gave the stock a "buy" rating in a report on Wednesday, March 12th. Finally, Citigroup decreased their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.