Graham Capital Management L.P. Acquires Shares of 2,738 Teradyne, Inc. (NASDAQ:TER)

Graham Capital Management L.P. acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,738 shares of the company’s stock, valued at approximately $345,000.

Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in Teradyne by 59.9% in the 4th 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 during the period. Proficio Capital Partners LLC bought a new position in shares of Teradyne during the 4th quarter worth $12,118,000. Empowered Funds LLC grew its stake in shares of Teradyne by 16.2% during the 4th quarter. Empowered Funds LLC now owns 30,269 shares of the company’s stock worth $3,811,000 after acquiring an additional 4,212 shares during the period. Boston Trust Walden Corp grew its stake in shares of Teradyne by 3.3% during the 4th quarter. Boston Trust Walden Corp now owns 408,177 shares of the company’s stock worth $51,398,000 after acquiring an additional 13,020 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Teradyne during the 4th quarter worth $217,000. Institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the subject of several research reports. KeyCorp reiterated a “sector weight” rating on shares of Teradyne in a research note on Thursday, April 17th. Bank of America cut their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company 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. Northland Securities cut their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on Teradyne from $120.00 to $92.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.56.

Teradyne Stock Down 0.3%

NASDAQ:TER opened at $82.73 on Friday. The business’s 50-day moving average price is $78.97 and its two-hundred day moving average price is $104.35. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The stock has a market cap of $13.27 billion, a P/E ratio of 24.84, a PEG ratio of 2.83 and a beta of 1.70.

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

Teradyne announced that its board has authorized a stock repurchase plan on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Teradyne Announces Dividend

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

About Teradyne

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.