SG Capital Management LLC Buys New Shares in Teradyne, Inc. (NASDAQ:TER)

SG Capital Management LLC purchased a new position in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 280,336 shares of the company’s stock, valued at approximately $35,300,000. Teradyne comprises about 3.4% of SG Capital Management LLC’s investment portfolio, making the stock its 5th largest position.

Several other institutional investors have also added to or reduced their stakes in TER. Czech National Bank lifted its stake in shares of Teradyne by 6.2% in the 4th quarter. Czech National Bank now owns 35,312 shares of the company’s stock valued at $4,446,000 after acquiring an additional 2,072 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in Teradyne in the 4th quarter worth approximately $217,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Teradyne by 40.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 629 shares of the company’s stock valued at $79,000 after purchasing an additional 180 shares during the period. Outlook Wealth Advisors LLC increased its stake in shares of Teradyne by 5.1% in the fourth quarter. Outlook Wealth Advisors LLC now owns 3,212 shares of the company’s stock worth $404,000 after buying an additional 155 shares during the period. Finally, Rovin Capital UT ADV raised its holdings in Teradyne by 48.8% during the 4th quarter. Rovin Capital UT ADV now owns 4,226 shares of the company’s stock valued at $532,000 after buying an additional 1,385 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TER shares. KeyCorp reissued a “sector weight” rating on shares of Teradyne in a report on Thursday, April 17th. Stifel Nicolaus cut their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley reduced their price target on Teradyne from $81.00 to $69.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Susquehanna dropped their price objective on Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a report on Wednesday, April 30th. Finally, Cantor Fitzgerald reduced their target price on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.56.

Teradyne Stock Performance

Shares of Teradyne stock opened at $82.99 on Friday. The company has a 50-day simple moving average of $79.06 and a two-hundred day simple moving average of $104.56. The stock has a market capitalization of $13.31 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.14. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The firm had revenue of $685.70 million for the quarter, compared to the consensus estimate of $680.54 million. During the same period in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne’s dividend payout ratio is currently 13.56%.

Teradyne declared that its board has authorized a stock repurchase plan on Monday, April 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are 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.