Galvin Gaustad & Stein LLC Buys New Shares in Teradyne, Inc. (NASDAQ:TER)

Galvin Gaustad & Stein LLC acquired a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,401 shares of the company's stock, valued at approximately $302,000.

Several other large investors also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Teradyne in the third quarter worth $2,221,000. MBB Public Markets I LLC acquired a new position in Teradyne during the 2nd quarter worth about $1,619,000. Cerity Partners LLC grew its holdings in Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company's stock worth $1,523,000 after acquiring an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Teradyne by 17.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock valued at $10,325,000 after acquiring an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after acquiring an additional 20,762 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TER. Craig Hallum dropped their price objective on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. raised Teradyne from a "neutral" rating to an "overweight" rating and upped their price target for the company from $145.00 to $158.00 in a research note on Monday, December 16th. Morgan Stanley lowered Teradyne from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $121.00 to $117.00 in a research report on Tuesday. Stifel Nicolaus cut their target price on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. Finally, Evercore ISI lifted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.31.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm'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 directly owns 74,660 shares of the company's stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.36% of the company's stock.

Teradyne Price Performance

NASDAQ TER traded down $2.97 during trading on Thursday, reaching $131.83. 2,212,789 shares of the company's stock were exchanged, compared to its average volume of 2,312,896. The business has a 50 day moving average price of $122.89 and a 200-day moving average price of $126.78. The stock has a market capitalization of $21.47 billion, a P/E ratio of 41.85, a PEG ratio of 2.21 and a beta of 1.46. Teradyne, Inc. has a fifty-two week low of $92.29 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million during the quarter, compared to analysts' expectations of $716.40 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. Teradyne's quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Announces Dividend

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

Teradyne announced that its board has authorized a stock buyback plan 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 plans are generally an indication that the company's leadership believes its stock is undervalued.

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.