280,336 Shares in Teradyne, Inc. (NASDAQ:TER) Acquired by SG Capital Management LLC

SG Capital Management LLC acquired a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 280,336 shares of the company's stock, valued at approximately $35,300,000. Teradyne makes up about 3.4% of SG Capital Management LLC's holdings, making the stock its 5th biggest position. SG Capital Management LLC owned 0.17% of Teradyne at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Roberts Glore & Co. Inc. IL lifted its position in shares of Teradyne by 2.2% during 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 during the period. Covestor Ltd lifted its position in shares of Teradyne by 12.3% during the 4th quarter. Covestor Ltd now owns 901 shares of the company's stock worth $113,000 after buying an additional 99 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Teradyne by 4.0% during 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. Citizens Financial Group Inc. RI lifted its position in shares of Teradyne by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock worth $283,000 after buying an additional 124 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Teradyne by 5.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company's stock worth $324,000 after buying an additional 132 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TER shares. Stifel Nicolaus dropped their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research report on Wednesday, March 12th. TD Cowen dropped their price objective on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Vertical Research assumed coverage on Teradyne in a research report on Friday, March 7th. They set a "buy" rating and a $135.00 price objective for the company. Northland Securities lowered their target price on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $117.56.

Teradyne Stock Performance

Shares of TER stock traded down $1.26 on Monday, hitting $81.47. The company had a trading volume of 1,840,342 shares, compared to its average volume of 2,595,321. The firm has a market cap of $13.07 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.83 and a beta of 1.70. The stock's 50-day moving average is $78.97 and its two-hundred day moving average is $104.30. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results 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. 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Equities research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its board has approved a stock repurchase program on Monday, April 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. 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.