Exchange Traded Concepts LLC Has $21.42 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Exchange Traded Concepts LLC boosted its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 170,068 shares of the company's stock after buying an additional 11,951 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.10% of Teradyne worth $21,415,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. raised its stake in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company's stock valued at $127,000 after purchasing an additional 88 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company's stock valued at $149,000 after buying an additional 103 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock valued at $858,000 after buying an additional 104 shares during the period. GAMMA Investing LLC grew its position in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock worth $434,000 after buying an additional 105 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company's stock worth $2,666,000 after buying an additional 108 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

Shares of Teradyne stock traded down $1.91 on Friday, hitting $129.92. The company had a trading volume of 2,253,957 shares, compared to its average volume of 2,309,069. The firm has a market capitalization of $21.16 billion, a P/E ratio of 41.24, a P/E/G ratio of 2.25 and a beta of 1.46. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21. The stock has a 50-day moving average of $123.40 and a 200-day moving average of $126.81.

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 the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million for the quarter, compared to analysts' expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. Equities analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Dividend Announcement

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. This represents a $0.48 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Monday, November 25th. Teradyne's payout ratio is 15.24%.

Teradyne declared that its Board of Directors has authorized a stock buyback 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of analyst reports. StockNews.com raised shares of Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. Robert W. Baird cut their price target on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. upgraded Teradyne from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $145.00 to $158.00 in a research note on Monday, December 16th. Craig Hallum cut their target price on Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a research report on Friday, October 25th. Finally, Morgan Stanley lowered Teradyne from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $121.00 to $117.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $149.31.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.36% of the company's stock.

About Teradyne

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.