Tema Etfs LLC Takes Position in Teradyne, Inc. (NASDAQ:TER)

Tema Etfs LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,536 shares of the company's stock, valued at approximately $697,000.

Several other large investors also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after buying an additional 1,846,079 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Teradyne in the 4th quarter worth about $12,118,000. Empowered Funds LLC raised its holdings in shares of Teradyne by 16.2% in the 4th quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock worth $3,811,000 after acquiring an additional 4,212 shares during the last quarter. Boston Trust Walden Corp lifted its position in Teradyne by 3.3% in the 4th quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock valued at $51,398,000 after acquiring an additional 13,020 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in Teradyne during the 4th quarter valued at about $217,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TER has been the subject of several analyst reports. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. UBS Group set a $130.00 price objective on Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. JPMorgan Chase & Co. reduced their target price on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Susquehanna lowered their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. Finally, Cantor Fitzgerald cut their price target on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $117.56.

Teradyne Stock Down 3.0%

TER traded down $2.44 during trading hours on Wednesday, hitting $78.98. The stock had a trading volume of 2,328,294 shares, compared to its average volume of 2,589,818. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The company's fifty day simple moving average is $78.78 and its 200 day simple moving average is $103.97. The stock has a market cap of $12.67 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate 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 19.23% and a return on equity of 19.08%. The company's revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. As a group, equities analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business 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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, May 22nd. Teradyne's payout ratio is currently 13.56%.

Teradyne announced that its board has initiated a share repurchase plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board 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.