Inspire Investing LLC Acquires 4,518 Shares of Teradyne, Inc. (NASDAQ:TER)

Inspire Investing LLC lifted its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,496 shares of the company's stock after buying an additional 4,518 shares during the quarter. Inspire Investing LLC's holdings in Teradyne were worth $2,707,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TER. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne during the 3rd quarter worth approximately $29,000. Quarry LP grew its holdings in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company's stock worth $35,000 after purchasing an additional 169 shares during the period. Coastline Trust Co acquired a new stake in Teradyne in the third quarter worth $46,000. Brooklyn Investment Group bought a new stake in Teradyne in the third quarter valued at $52,000. Finally, Eastern Bank acquired a new position in shares of Teradyne during the third quarter valued at about $67,000. Institutional investors own 99.77% of the company's stock.

Insiders Place Their Bets

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 transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares of the company's stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.36% of the company's stock.

Teradyne Trading Down 2.2 %

Shares of TER stock traded down $2.97 during trading hours on Thursday, reaching $131.83. The stock had a trading volume of 2,212,789 shares, compared to its average volume of 2,312,896. The stock's fifty day simple moving average is $122.89 and its 200 day simple moving average is $126.78. The firm has a market capitalization of $21.47 billion, a PE ratio of 41.85, a PEG ratio of 2.21 and a beta of 1.46. Teradyne, Inc. has a 12 month low of $92.29 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating 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%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne declared that its board has approved a stock buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Teradyne Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. StockNews.com raised shares of Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. Evercore ISI lifted their price objective 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 Securities upgraded shares of Teradyne from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $117.00 to $154.00 in a report on Monday, January 6th. Morgan Stanley downgraded Teradyne from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $121.00 to $117.00 in a research note on Tuesday. Finally, Stifel Nicolaus lowered their price objective on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. 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 assigned a strong buy rating to the stock. According to MarketBeat, Teradyne currently has an average rating of "Moderate Buy" and a consensus price target of $149.31.

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.