Gilman Hill Asset Management LLC Acquires 1,465 Shares of Teradyne, Inc. (NASDAQ:TER)

Gilman Hill Asset Management LLC boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,927 shares of the company’s stock after acquiring an additional 1,465 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Teradyne were worth $3,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TER. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne in the 3rd quarter valued at $29,000. Quarry LP boosted its holdings 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 acquiring an additional 169 shares during the last quarter. Coastline Trust Co acquired a new stake in Teradyne in the third quarter worth about $46,000. Brooklyn Investment Group bought a new stake in Teradyne during the 3rd quarter worth about $52,000. Finally, Eastern Bank acquired a new position in Teradyne during the 3rd quarter valued at about $67,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

NASDAQ TER opened at $138.40 on Monday. The stock’s 50-day moving average is $121.25 and its 200-day moving average is $127.12. Teradyne, Inc. has a one year low of $92.29 and a one year high of $163.21. The firm has a market cap of $22.54 billion, a P/E ratio of 43.94, a P/E/G ratio of 2.23 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly 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. The firm had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Equities analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current year.

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

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Monday, November 25th. Teradyne’s payout ratio is presently 15.24%.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne 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 in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TER. JPMorgan Chase & Co. raised shares of 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 note on Monday, December 16th. Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Stifel Nicolaus dropped their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $150.33.

Teradyne Company 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.