Tema Etfs LLC Purchases New Holdings in Teradyne, Inc. (NASDAQ:TER)

Tema Etfs LLC bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,536 shares of the company's stock, valued at approximately $697,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TER. Roberts Glore & Co. Inc. IL lifted its position in Teradyne by 2.2% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock valued at $517,000 after acquiring an additional 90 shares in the last quarter. Covestor Ltd boosted its position in shares of Teradyne by 12.3% during the fourth quarter. Covestor Ltd now owns 901 shares of the company's stock valued at $113,000 after buying an additional 99 shares during the last quarter. Snowden Capital Advisors LLC increased its holdings in Teradyne by 2.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company's stock worth $472,000 after buying an additional 103 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Teradyne by 4.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company's stock worth $429,000 after buying an additional 119 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake 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 acquiring an additional 124 shares during the period. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

Shares of Teradyne stock traded down $1.99 on Friday, hitting $76.50. 677,053 shares of the company traded hands, compared to its average volume of 2,581,982. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21. The business has a 50-day simple moving average of $78.40 and a 200 day simple moving average of $103.62. The stock has a market capitalization of $12.27 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

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

Teradyne Dividend Announcement

The company also recently declared 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. This represents a $0.48 annualized dividend and a yield of 0.63%. The ex-dividend date is Thursday, May 22nd. Teradyne's dividend payout ratio is presently 13.56%.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TER. Stifel Nicolaus reduced their price target 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. Morgan Stanley decreased their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. KeyCorp restated a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. TD Cowen dropped their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Finally, Bank of America lowered their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock 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 given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Teradyne presently has an average rating of "Moderate Buy" and an average price target of $117.56.

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.