Bourgeon Capital Management LLC Increases Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Bourgeon Capital Management LLC boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 0.7% in the fourth quarter, Holdings Channel reports. The fund owned 69,644 shares of the company’s stock after buying an additional 497 shares during the quarter. Teradyne makes up about 1.6% of Bourgeon Capital Management LLC’s holdings, making the stock its 29th biggest holding. Bourgeon Capital Management LLC’s holdings in Teradyne were worth $8,770,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TER. Capital Performance Advisors LLP acquired a new position in shares of Teradyne in the third quarter worth about $29,000. Quarry LP increased its holdings in Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares during the last quarter. Coastline Trust Co acquired a new position in shares of Teradyne in the 3rd quarter valued at approximately $46,000. Brooklyn Investment Group purchased a new position in shares of Teradyne during the 3rd quarter valued at approximately $52,000. Finally, Eastern Bank acquired a new stake in shares of Teradyne during the third quarter worth approximately $67,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER opened at $132.30 on Wednesday. The firm has a fifty day moving average of $122.33 and a 200-day moving average of $126.72. The company has a market cap of $21.55 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 2.30 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 posted its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $716.40 million. During the same period in the previous year, the business posted $0.80 EPS. Teradyne’s revenue was up 4.8% on a year-over-year basis. Analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

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

Teradyne announced that its Board of Directors has authorized a share repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Robert W. Baird cut their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $121.00 to $117.00 in a research report on Tuesday. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Finally, JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $145.00 to $158.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $147.77.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction 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. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by 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.