Harbor Capital Advisors Inc. Acquires 452 Shares of Teradyne, Inc. (NASDAQ:TER)

Harbor Capital Advisors Inc. grew its stake in Teradyne, Inc. (NASDAQ:TER) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,499 shares of the company’s stock after purchasing an additional 452 shares during the period. Harbor Capital Advisors Inc.’s holdings in Teradyne were worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new position in Teradyne in the second quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in shares of Teradyne in the third quarter valued at approximately $29,000. Quarry LP boosted its holdings in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares in the last quarter. Coastline Trust Co bought a new stake in Teradyne during the 3rd quarter worth approximately $46,000. Finally, Brooklyn Investment Group acquired a new stake in Teradyne during the 3rd quarter valued at $52,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Up 0.7 %

NASDAQ:TER opened at $134.18 on Wednesday. Teradyne, Inc. has a 12-month low of $92.29 and a 12-month high of $163.21. The stock’s fifty day simple moving average is $119.67 and its 200-day simple moving average is $127.22. The firm has a market capitalization of $21.85 billion, a P/E ratio of 42.60, a P/E/G ratio of 2.66 and a beta of 1.46.

Teradyne (NASDAQ:TER) 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 firm 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%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. As a group, equities research analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s payout ratio is presently 15.24%.

Teradyne announced that its board has initiated a share repurchase program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

TER has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Craig Hallum decreased their price objective 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. Stifel Nicolaus dropped their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Evercore ISI increased their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.33.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.36% of the company’s stock.

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.