Czech National Bank Purchases 2,072 Shares of Teradyne, Inc. (NASDAQ:TER)

Czech National Bank lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,312 shares of the company’s stock after purchasing an additional 2,072 shares during the quarter. Czech National Bank’s holdings in Teradyne were worth $4,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after purchasing an additional 350,002 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Teradyne by 1.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after buying an additional 57,989 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Teradyne by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after buying an additional 209,868 shares during the last quarter. Van ECK Associates Corp increased its position in Teradyne by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after buying an additional 183,721 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Teradyne by 18.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after buying an additional 374,522 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

TER stock opened at $134.93 on Thursday. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The company has a market cap of $21.97 billion, a P/E ratio of 42.83, a price-to-earnings-growth ratio of 2.66 and a beta of 1.46. The stock’s fifty day moving average price is $119.67 and its 200-day moving average price is $127.22.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same period last year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current year.

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

Teradyne Dividend Announcement

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

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s 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 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 filing with the SEC, which is available through this hyperlink. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TER shares. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $117.00 to $154.00 in a research note on Monday, January 6th. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. 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 report on Friday, October 25th. Craig Hallum cut their price target 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. Finally, Stifel Nicolaus decreased their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” 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 issued a strong buy rating to the stock. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $150.33.

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.