Fifth Third Wealth Advisors LLC Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

Fifth Third Wealth Advisors LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,726 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds also recently added to or reduced their stakes in TER. Tealwood Asset Management Inc. raised its position in shares of Teradyne by 1.7% in the fourth quarter. Tealwood Asset Management Inc. now owns 9,510 shares of the company’s stock worth $1,197,000 after acquiring an additional 161 shares during the period. Czech National Bank boosted its holdings in Teradyne by 6.2% in the 4th quarter. Czech National Bank now owns 35,312 shares of the company’s stock worth $4,446,000 after buying an additional 2,072 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Teradyne by 14.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,499 shares of the company’s stock valued at $441,000 after purchasing an additional 452 shares during the last quarter. Nordea Investment Management AB boosted its stake in Teradyne by 4.3% during the 4th quarter. Nordea Investment Management AB now owns 1,522,492 shares of the company’s stock worth $194,407,000 after purchasing an additional 63,218 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Teradyne in the fourth quarter worth about $317,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TER shares. Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus cut their price target 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. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $117.00 to $154.00 in a research report on Monday, January 6th. Finally, Evercore ISI upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.33.

Teradyne Stock Up 0.6 %

NASDAQ:TER opened at $138.40 on Friday. The company has a market cap of $22.54 billion, a price-to-earnings ratio of 43.94, a price-to-earnings-growth ratio of 2.23 and a beta of 1.46. The company has a fifty day simple moving average of $121.25 and a two-hundred day simple moving average of $127.28. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. On average, analysts expect that Teradyne, Inc. will post 3.17 EPS for the current 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. This represents a $0.48 annualized dividend and a yield of 0.35%. The ex-dividend date was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne announced that its board has approved a stock repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’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 directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% 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.