Versant Capital Management Inc grew its position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 103.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 729 shares of the company’s stock after purchasing an additional 371 shares during the quarter. Versant Capital Management Inc’s holdings in Teradyne were worth $92,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in Teradyne during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Teradyne during the third quarter worth $29,000. Rothschild Investment LLC bought a new stake in shares of Teradyne in the second quarter worth $33,000. Quarry LP increased its holdings in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares during the period. Finally, Coastline Trust Co bought a new position in Teradyne during the 3rd quarter worth $46,000. 99.77% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
TER has been the subject of several recent research reports. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Robert W. Baird decreased their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $145.00 to $158.00 in a research report on Monday, December 16th. Evercore ISI increased their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Craig Hallum dropped their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.25.
Teradyne Stock Performance
Shares of NASDAQ:TER opened at $130.60 on Friday. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21. The business’s 50 day simple moving average is $115.70 and its two-hundred day simple moving average is $127.93. The firm has a market cap of $21.27 billion, a P/E ratio of 41.46, a PEG ratio of 2.66 and a beta of 1.51.
Teradyne (NASDAQ:TER – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. On average, equities analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.
Teradyne Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.37%. Teradyne’s dividend payout ratio is presently 15.24%.
Teradyne announced that its Board of Directors has approved a share repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
About Teradyne
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.
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