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

Inspire Investing LLC raised its stake in Teradyne, Inc. (NASDAQ:TER) by 26.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp raised its position in Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after buying an additional 350,002 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Teradyne by 5.5% in the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock valued at $535,484,000 after purchasing an additional 209,868 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Teradyne by 6.3% in the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock worth $383,501,000 after purchasing an additional 183,721 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Teradyne by 18.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after purchasing an additional 374,522 shares in the last quarter. Finally, Aspex Management HK Ltd lifted its position in Teradyne by 11.5% during the 3rd quarter. Aspex Management HK Ltd now owns 2,387,433 shares of the company’s stock worth $319,749,000 after buying an additional 246,914 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Friday, January 3rd. The shares were 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 $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the topic of several research reports. Craig Hallum decreased their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Susquehanna upped their price target on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday. Finally, Evercore ISI boosted their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.31.

Teradyne Trading Up 1.9 %

Shares of TER stock opened at $134.80 on Thursday. The stock has a 50-day moving average of $122.89 and a 200-day moving average of $126.78. The stock has a market cap of $21.95 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 2.21 and a beta of 1.46. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $716.40 million. During the same quarter in the previous year, the company earned $0.80 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne declared that its board has initiated a share buyback program on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Teradyne Announces Dividend

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

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.