Avanza Fonder AB Invests $3.78 Million in Teradyne, Inc. (NASDAQ:TER)

Avanza Fonder AB purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, HoldingsChannel reports. The firm purchased 30,027 shares of the company’s stock, valued at approximately $3,781,000.

A number of other large investors also recently bought and sold shares of TER. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne in the third quarter valued at about $29,000. Quarry LP lifted its stake in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after buying an additional 169 shares in the last quarter. Coastline Trust Co acquired a new stake in Teradyne in the 3rd quarter worth about $46,000. Brooklyn Investment Group purchased a new stake in Teradyne during the 3rd quarter worth approximately $52,000. Finally, Eastern Bank acquired a new position in shares of Teradyne during the third quarter valued at approximately $67,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TER shares. Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Craig Hallum reduced their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Finally, Evercore ISI increased their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company 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 data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $150.33.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Teradyne Stock Performance

TER opened at $138.40 on Friday. The stock has a market capitalization of $22.54 billion, a PE ratio of 43.94, a P/E/G ratio of 2.23 and a beta of 1.46. Teradyne, Inc. has a one year low of $92.29 and a one year high of $163.21. The business’s 50 day moving average price is $120.70 and its 200 day moving average price is $127.34.

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

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were issued a $0.12 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.35%. Teradyne’s dividend payout ratio is currently 15.24%.

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

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.