Handelsbanken Fonder AB Boosts Stake in Teradyne, Inc. (NASDAQ:TER)

Handelsbanken Fonder AB boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,539 shares of the company’s stock after acquiring an additional 407 shares during the quarter. Handelsbanken Fonder AB’s holdings in Teradyne were worth $5,992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Teradyne during the 4th quarter worth $270,989,000. Van ECK Associates Corp raised its position in Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Teradyne during the fourth quarter worth about $160,087,000. Ameriprise Financial Inc. lifted its stake in Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company’s stock worth $608,025,000 after purchasing an additional 1,065,474 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Teradyne by 142.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company’s stock worth $191,718,000 after purchasing an additional 894,849 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TER. KeyCorp restated a “sector weight” rating on shares of Teradyne in a research report on Thursday, April 17th. TD Cowen lowered their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Cantor Fitzgerald cut their price objective on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Citigroup decreased their target price on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus lowered their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $114.67.

Teradyne Price Performance

TER opened at $85.91 on Friday. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The business has a 50 day simple moving average of $77.93 and a two-hundred day simple moving average of $101.05. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.83 and a beta of 1.69.

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

Teradyne declared that its Board of Directors has approved a stock repurchase plan on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne’s payout ratio is presently 13.56%.

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.