Czech National Bank Grows Position in Teradyne, Inc. (NASDAQ:TER)

Czech National Bank grew its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,312 shares of the company's stock after buying an additional 2,072 shares during the quarter. Czech National Bank's holdings in Teradyne were worth $4,446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Teradyne during the 2nd quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in shares of Teradyne in the third quarter valued at about $29,000. Quarry LP boosted its stake in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company's stock worth $35,000 after acquiring an additional 169 shares during the period. Coastline Trust Co bought a new position in shares of Teradyne in the third quarter worth about $46,000. Finally, Brooklyn Investment Group bought a new stake in Teradyne during the 3rd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Up 2.0 %

NASDAQ:TER traded up $2.64 during mid-day trading on Thursday, hitting $137.57. 1,980,518 shares of the stock traded hands, compared to its average volume of 2,156,762. 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 $22.40 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 2.23 and a beta of 1.46. The firm's 50 day moving average is $120.19 and its two-hundred day moving average is $127.27.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $716.40 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The company's quarterly revenue was up 4.8% on a year-over-year basis. As a group, research analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.35%. Teradyne's dividend payout ratio (DPR) is 15.24%.

Teradyne declared that its board has approved a stock 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 purchase up to 0.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird dropped their price target on Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a research note 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. Evercore ISI lifted their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Finally, Stifel Nicolaus reduced their target price on Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $150.33.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne 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 sale, the chief executive officer now owns 74,660 shares of the company's stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company's stock.

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.