SG Capital Management LLC Takes $35.30 Million Position in Teradyne, Inc. (NASDAQ:TER)

SG Capital Management LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 280,336 shares of the company's stock, valued at approximately $35,300,000. Teradyne comprises approximately 3.4% of SG Capital Management LLC's investment portfolio, making the stock its 5th largest position. SG Capital Management LLC owned approximately 0.17% of Teradyne as of its most recent filing with the SEC.

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

Teradyne Price Performance

TER traded down $1.49 during trading on Wednesday, reaching $79.93. The company had a trading volume of 736,257 shares, compared to its average volume of 2,580,999. The business's fifty day moving average price is $78.78 and its 200 day moving average price is $103.97. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The company has a market cap of $12.82 billion, a P/E ratio of 23.96, a PEG ratio of 2.83 and a beta of 1.70.

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

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be issued 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 0.60%. Teradyne's dividend payout ratio is currently 13.56%.

Teradyne declared that its board has initiated a stock buyback plan on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently commented on TER. Cantor Fitzgerald cut their target price on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Citigroup cut their price target on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Robert W. Baird dropped their price objective on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus reduced their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned 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 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.