25,000 Shares in Teradyne, Inc. (NASDAQ:TER) Acquired by Panoramic Capital LLC

Panoramic Capital LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 25,000 shares of the company's stock, valued at approximately $3,148,000. Teradyne accounts for approximately 1.7% of Panoramic Capital LLC's holdings, making the stock its 15th biggest position.

Several other large investors have also made changes to their positions in TER. Van ECK Associates Corp boosted its stake in shares of Teradyne by 59.9% in the 4th 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 during the period. Proficio Capital Partners LLC purchased a new stake in shares of Teradyne in the fourth quarter valued at approximately $12,118,000. Empowered Funds LLC boosted its stake in shares of Teradyne by 16.2% in the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock valued at $3,811,000 after buying an additional 4,212 shares in the last quarter. Boston Trust Walden Corp boosted its position in Teradyne by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock worth $51,398,000 after purchasing an additional 13,020 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Teradyne in the fourth quarter valued at $217,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Northland Securities dropped their price target on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Vertical Research initiated coverage on Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 price target for the company. Citigroup lowered their price objective on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Robert W. Baird decreased their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Finally, Stifel Nicolaus reduced their target price on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.56.

Teradyne Stock Down 0.3%

TER stock traded down $0.26 during mid-day trading on Friday, reaching $82.73. 2,181,891 shares of the company traded hands, compared to its average volume of 2,595,832. The stock has a market cap of $13.27 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 2.83 and a beta of 1.70. The firm's 50 day moving average price is $78.97 and its 200 day moving average price is $104.35. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21.

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

Teradyne declared that its Board of Directors has initiated a share repurchase plan on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Teradyne Announces Dividend

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 given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. Teradyne's payout ratio is 13.56%.

Teradyne Company Profile

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.