Avanza Fonder AB Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

Avanza Fonder AB acquired a new position in Teradyne, Inc. (NASDAQ:TER - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,027 shares of the company's stock, valued at approximately $3,781,000.

Several other institutional investors have also recently modified their holdings of TER. Capital Performance Advisors LLP bought a new position in shares of Teradyne during the third quarter valued at about $29,000. Quarry LP grew its position 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 during the last quarter. Coastline Trust Co purchased a new position in Teradyne in the 3rd quarter worth approximately $46,000. Brooklyn Investment Group purchased a new position in Teradyne in the 3rd quarter worth approximately $52,000. Finally, Eastern Bank purchased a new stake in shares of Teradyne during the third quarter valued at approximately $67,000. 99.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TER. JPMorgan Chase & Co. upgraded shares of Teradyne from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Robert W. Baird dropped their price objective on Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Northland Securities raised Teradyne from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $117.00 to $154.00 in a research note on Monday, January 6th. Stifel Nicolaus dropped their price target on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Finally, Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average price target of $150.33.

Teradyne Stock Up 0.6 %

Shares of NASDAQ TER traded up $0.83 during trading on Friday, reaching $138.40. 2,253,431 shares of the company traded hands, compared to its average volume of 2,285,888. The firm has a 50 day simple moving average of $121.25 and a 200-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. 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 (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million during 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%. Teradyne's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. As a group, research analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 0.35%. Teradyne's dividend payout ratio is currently 15.24%.

Teradyne announced that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company'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 value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company 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.