West Michigan Advisors LLC Purchases New Stake in Teradyne, Inc. $TER

Key Points

• West Michigan Advisors LLC bought a new stake of 3,154 Teradyne shares in Q4, valued at about $610,000, and institutional investors now own roughly 99.77% of the stock.
• Teradyne beat expectations for the quarter with EPS of $1.80 versus $1.36 expected and revenue of $1.08B (up 43.9% year-over-year), and analysts forecast about $6.12 EPS for the year.
• The stock trades near its 12‑month high (opened at $400.99; high $404.83) with a market cap of $62.8B and a high PE of 115.23, while the consensus rating is a "Moderate Buy" with a $314.53 price target.

West Michigan Advisors LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,154 shares of the company's stock, valued at approximately $610,000.

Other hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Teradyne in the 4th quarter valued at about $37,000. True Wealth Design LLC increased its holdings in Teradyne by 49.6% in the fourth quarter. True Wealth Design LLC now owns 211 shares of the company's stock valued at $41,000 after buying an additional 70 shares during the last quarter. Root Financial Partners LLC bought a new stake in Teradyne in the third quarter valued at about $31,000. Davidson Capital Management Inc. bought a new stake in Teradyne in the third quarter valued at about $31,000. Finally, Hemington Wealth Management raised its stake in Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company's stock valued at $36,000 after buying an additional 79 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Price Performance

Teradyne stock opened at $400.99 on Friday. The company has a market cap of $62.78 billion, a PE ratio of 115.23, a P/E/G ratio of 2.31 and a beta of 1.79. The company has a fifty day moving average price of $323.40 and a two-hundred day moving average price of $241.10. Teradyne, Inc. has a 12 month low of $71.27 and a 12 month high of $404.83.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $970.44 million. During the same period last year, the company earned $0.95 earnings per share. The firm's revenue for the quarter was up 43.9% on a year-over-year basis. Equities research analysts anticipate that Teradyne, Inc. will post 6.12 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.1%. Teradyne's dividend payout ratio (DPR) is currently 14.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TER shares. TD Cowen reaffirmed a "buy" rating on shares of Teradyne in a report on Thursday, January 22nd. Evercore upped their price target on Teradyne from $200.00 to $280.00 and gave the company an "outperform" rating in a research report on Monday, February 2nd. Zacks Research cut Teradyne from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Citigroup lifted their price objective on shares of Teradyne from $215.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Teradyne from $315.00 to $400.00 and gave the stock a "neutral" rating in a report on Thursday, April 16th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $314.53.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company's product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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