Avanza Fonder AB Acquires New Position in Teradyne, Inc. (NASDAQ:TER)

Avanza Fonder AB acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 30,027 shares of the company’s stock, valued at approximately $3,781,000.

A number of other hedge funds have also added to or reduced their stakes in TER. Capital Performance Advisors LLP purchased a new position in shares of Teradyne during the third quarter valued at $29,000. Quarry LP grew its holdings in Teradyne by 256.1% during 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 purchased a new position in Teradyne during the 3rd quarter valued at about $46,000. Brooklyn Investment Group bought a new stake in shares of Teradyne in the 3rd quarter valued at about $52,000. Finally, Eastern Bank purchased a new stake in shares of Teradyne in the 3rd quarter worth approximately $67,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

Shares of TER stock opened at $138.40 on Friday. The business has a fifty day moving average of $120.70 and a 200 day moving average of $127.34. The firm has a market capitalization 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. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a $0.12 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.35%. Teradyne’s payout ratio is currently 15.24%.

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

Analyst Ratings Changes

Several brokerages recently issued reports on TER. Evercore ISI lifted 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. Craig Hallum reduced their price target on 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 raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Stifel Nicolaus cut their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Finally, Northland Securities raised shares of Teradyne from a “market perform” rating to an “outperform” rating and increased their price target for the company from $117.00 to $154.00 in a research report on Monday, January 6th. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.33.

Insider Buying and Selling

In other 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 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 Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.