ProShare Advisors LLC Purchases 2,892 Shares of Teradyne, Inc. (NASDAQ:TER)

ProShare Advisors LLC grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,722 shares of the company’s stock after purchasing an additional 2,892 shares during the quarter. ProShare Advisors LLC’s holdings in Teradyne were worth $6,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TER. Quantinno Capital Management LP raised its holdings in Teradyne by 25.9% in the 4th quarter. Quantinno Capital Management LP now owns 66,584 shares of the company’s stock worth $8,384,000 after purchasing an additional 13,694 shares during the period. Panoramic Capital LLC bought a new position in shares of Teradyne in the fourth quarter worth about $3,148,000. Mufg Securities Americas Inc. purchased a new position in shares of Teradyne during the 4th quarter valued at about $303,000. Nissay Asset Management Corp Japan ADV lifted its position in shares of Teradyne by 6.2% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 82,816 shares of the company’s stock valued at $10,645,000 after buying an additional 4,869 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Teradyne during the 4th quarter valued at approximately $675,000. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TER. Vertical Research started coverage on shares of Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 target price on the stock. Bank of America lowered their target price on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. TD Cowen cut their price target on Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald decreased their price target on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Finally, UBS Group set a $130.00 price objective on Teradyne and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $117.56.

Teradyne Stock Performance

NASDAQ TER opened at $82.73 on Monday. The stock has a 50 day moving average price of $78.97 and a 200-day moving average price of $104.30. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The company has a market capitalization of $13.27 billion, a P/E ratio of 24.84, a P/E/G ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The business had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. During the same quarter last year, the business earned $0.51 earnings per share. Teradyne’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.58%. Teradyne’s dividend payout ratio is currently 13.56%.

Teradyne announced that its Board of Directors has initiated a share repurchase plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.