Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 1.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,810 shares of the company’s stock after acquiring an additional 281 shares during the period. Bouvel Investment Partners LLC’s holdings in Teradyne were worth $2,872,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Whittier Trust Co. boosted its stake in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after acquiring an additional 88 shares during the last quarter. Wealth Alliance boosted its stake in shares of Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock worth $451,000 after purchasing an additional 98 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Teradyne by 10.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after buying an additional 103 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after buying an additional 104 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after buying an additional 105 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred 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 owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

TER has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Robert W. Baird reduced their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Northland Securities upgraded shares of Teradyne from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $117.00 to $154.00 in a research note on Monday, January 6th. Finally, Evercore ISI raised their target price on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $150.33.

Teradyne Stock Performance

Shares of TER stock opened at $137.57 on Friday. The stock has a market capitalization of $22.40 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 2.23 and a beta of 1.46. Teradyne, Inc. has a one year low of $92.29 and a one year high of $163.21. The company’s 50-day simple moving average is $120.19 and its 200-day simple moving average is $127.27.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. Teradyne’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. As a group, research analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current year.

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

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is 15.24%.

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.