Versant Capital Management Inc Purchases 3,486 Shares of Teradyne, Inc. (NASDAQ:TER)

Versant Capital Management Inc raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 478.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,215 shares of the company's stock after acquiring an additional 3,486 shares during the quarter. Versant Capital Management Inc's holdings in Teradyne were worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in Teradyne in the 4th quarter worth about $33,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Teradyne in the fourth quarter valued at approximately $34,000. AllSquare Wealth Management LLC grew its stake in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC grew its stake in Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after acquiring an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Teradyne during the 4th quarter worth approximately $45,000. 99.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TER has been the subject of several analyst reports. TD Cowen cut their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. 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. KeyCorp restated a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Bank of America dropped their price target on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. Finally, Vertical Research initiated coverage on shares of Teradyne in a research report on Friday, March 7th. They issued a "buy" rating and a $135.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.67.

Teradyne Stock Up 1.5%

Shares of Teradyne stock traded up $1.23 during trading on Wednesday, reaching $82.68. The company's stock had a trading volume of 880,257 shares, compared to its average volume of 2,593,442. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The firm's 50-day moving average is $76.96 and its two-hundred day moving average is $102.02. The company has a market cap of $13.26 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.14. The business had revenue of $685.70 million during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $0.51 earnings per share. On average, equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be paid a $0.12 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. Teradyne's dividend payout ratio (DPR) is currently 13.56%.

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