Galvin Gaustad & Stein LLC Invests $302,000 in Teradyne, Inc. (NASDAQ:TER)

Galvin Gaustad & Stein LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,401 shares of the company’s stock, valued at approximately $302,000.

A number of other large investors also recently modified their holdings of TER. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the third quarter worth approximately $29,000. Quarry LP increased its stake in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares in the last quarter. Coastline Trust Co bought a new stake in Teradyne in the third quarter valued at approximately $46,000. Brooklyn Investment Group bought a new stake in Teradyne in the third quarter valued at approximately $52,000. Finally, Eastern Bank bought a new stake in Teradyne in the third quarter valued at approximately $67,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

NASDAQ TER opened at $130.81 on Thursday. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of 41.59, a PEG ratio of 2.21 and a beta of 1.46. The company has a fifty day moving average price of $122.89 and a 200-day moving average price of $126.78.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping 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 firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same quarter last year, the business earned $0.80 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, 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 repurchase program on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TER shares. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Craig Hallum dropped their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Northland Securities raised shares of Teradyne from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $117.00 to $154.00 in a research report on Monday, January 6th. Evercore ISI increased their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $121.00 to $117.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and an average target price 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.