Teradyne, Inc. (NASDAQ:TER) Position Boosted by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. lifted its stake in Teradyne, Inc. (NASDAQ:TER) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,510 shares of the company’s stock after acquiring an additional 161 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Teradyne were worth $1,197,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TER. Whittier Trust Co. increased its stake in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after buying an additional 88 shares during the period. Wealth Alliance raised its holdings in Teradyne by 3.3% during the second quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after buying an additional 98 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock worth $149,000 after purchasing an additional 103 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after buying an additional 104 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after acquiring an additional 105 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TER has been the topic of several research analyst reports. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $145.00 to $158.00 in a research note on Monday, December 16th. Northland Securities raised shares of Teradyne from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $117.00 to $154.00 in a report on Monday, January 6th. Finally, Stifel Nicolaus decreased their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $150.33.

Insider Activity at Teradyne

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

Teradyne Trading Down 0.7 %

NASDAQ TER opened at $133.22 on Tuesday. The stock has a 50-day simple moving average of $119.09 and a 200 day simple moving average of $127.31. Teradyne, Inc. has a 12 month low of $92.29 and a 12 month high of $163.21. The company has a market capitalization of $21.70 billion, a PE ratio of 42.29, a P/E/G ratio of 2.66 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly 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 company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same period in the prior year, the company earned $0.80 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side analysts predict that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.36%. Teradyne’s payout ratio is 15.24%.

Teradyne declared that its Board of Directors has approved a stock buyback program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is 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.