Rovin Capital UT ADV Purchases 1,385 Shares of Teradyne, Inc. (NASDAQ:TER)

Rovin Capital UT ADV grew its position in Teradyne, Inc. (NASDAQ:TER) by 48.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,226 shares of the company’s stock after acquiring an additional 1,385 shares during the period. Rovin Capital UT ADV’s holdings in Teradyne were worth $532,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TER. State Street Corp lifted its position in Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after buying an additional 350,002 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after purchasing an additional 57,989 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Teradyne by 5.5% during the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after purchasing an additional 209,868 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Teradyne by 6.3% during the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after purchasing an additional 183,721 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of 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. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Up 0.6 %

TER opened at $134.93 on Thursday. Teradyne, Inc. has a 12 month low of $92.29 and a 12 month high of $163.21. The company has a fifty day simple moving average of $119.67 and a 200 day simple moving average of $127.22. The stock has a market cap of $21.97 billion, a P/E ratio of 42.83, a P/E/G ratio of 2.23 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter in the previous year, the business posted $0.80 EPS. Teradyne’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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

Teradyne announced 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 purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

TER has been the topic of several research reports. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Robert W. Baird cut their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Evercore ISI raised their price target on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Craig Hallum dropped their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus cut their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $150.33.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

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.