Rovin Capital UT ADV Has $532,000 Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Rovin Capital UT ADV lifted its stake in Teradyne, Inc. (NASDAQ:TER) by 48.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,226 shares of the company’s stock after acquiring an additional 1,385 shares during the quarter. Rovin Capital UT ADV’s holdings in Teradyne were worth $532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TER. Ashton Thomas Private Wealth LLC acquired a new position in Teradyne during the second quarter worth $27,000. Envestnet Asset Management Inc. lifted its stake in Teradyne by 5.1% in the second quarter. Envestnet Asset Management Inc. now owns 328,189 shares of the company’s stock valued at $48,667,000 after acquiring an additional 15,833 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Teradyne by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 861,030 shares of the company’s stock valued at $127,684,000 after acquiring an additional 15,907 shares during the period. Citizens Financial Group Inc. RI acquired a new position in shares of Teradyne during the 2nd quarter worth about $306,000. Finally, Wealth Alliance raised its holdings in shares of Teradyne by 3.3% in the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after purchasing an additional 98 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 0.6 %

Shares of TER stock opened at $134.93 on Thursday. The stock has a market cap of $21.97 billion, a P/E ratio of 42.83, a price-to-earnings-growth ratio of 2.23 and a beta of 1.46. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The stock has a 50 day simple moving average of $119.67 and a 200 day simple moving average of $127.22.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same period in the prior year, the company posted $0.80 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

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

Teradyne declared that its board has initiated a share buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have weighed in on TER. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $145.00 to $158.00 in a research report on Monday, December 16th. Evercore ISI increased their price target on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Stifel Nicolaus lowered their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Northland Securities upgraded shares of Teradyne from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $117.00 to $154.00 in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.33.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.