Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 78,786 Teradyne, Inc. (NASDAQ:TER)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 78,786 shares of the company's stock, valued at approximately $9,921,000.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in Teradyne in the 4th quarter worth approximately $270,989,000. Van ECK Associates Corp grew 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 worth $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Teradyne during the fourth quarter valued at $160,087,000. Ameriprise Financial Inc. raised its stake in shares of Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock valued at $608,025,000 after purchasing an additional 1,065,474 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Teradyne by 142.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock worth $191,718,000 after purchasing an additional 894,849 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Price Performance

NASDAQ:TER traded up $1.04 during trading hours on Wednesday, reaching $82.49. The company's stock had a trading volume of 747,953 shares, compared to its average volume of 2,592,981. The company has a market cap of $13.23 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The business's 50-day moving average is $76.96 and its 200-day moving average is $102.02.

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

Teradyne declared that its board has approved a share buyback plan on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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 issued a dividend of $0.12 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.58%. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stifel Nicolaus dropped their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research report on Wednesday, March 12th. TD Cowen lowered their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. Morgan Stanley decreased their target price on Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Finally, Susquehanna dropped their price target on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.67.

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.