Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Sora Investors LLC

Sora Investors LLC raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 276.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,714 shares of the company's stock after buying an additional 110,714 shares during the quarter. Teradyne comprises about 2.1% of Sora Investors LLC's holdings, making the stock its 17th largest position. Sora Investors LLC owned 0.09% of Teradyne worth $18,978,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Teradyne by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock valued at $2,569,511,000 after buying an additional 92,428 shares in the last quarter. Van ECK Associates Corp raised its position in Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the last quarter. Ameriprise Financial Inc. increased its position 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 buying an additional 1,065,474 shares during the period. Geode Capital Management LLC raised its stake in Teradyne by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock worth $515,665,000 after buying an additional 94,374 shares in the last quarter. Finally, Aspex Management HK Ltd grew its holdings in shares of Teradyne by 35.5% during the 4th quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock worth $407,331,000 after acquiring an additional 847,409 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Robert W. Baird dropped their target price on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Morgan Stanley cut their target price on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Northland Securities decreased 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 assumed coverage on Teradyne in a research report on Friday, March 7th. They set a "buy" rating and a $135.00 price objective on the stock. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.56.

Teradyne Stock Performance

Shares of NASDAQ:TER traded down $1.46 during midday trading on Wednesday, reaching $79.97. 621,526 shares of the company's stock traded hands, compared to its average volume of 2,580,563. The company has a fifty day simple moving average of $78.78 and a two-hundred day simple moving average of $103.97. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The company has a market cap of $12.83 billion, a P/E ratio of 24.05, a PEG ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.75 EPS 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 firm had revenue of $685.70 million during the quarter, compared to analysts' expectations of $680.54 million. During the same quarter last year, the firm earned $0.51 earnings per share. The business's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne announced that its board has authorized a share repurchase program on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) 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.