Exchange Traded Concepts LLC Acquires 11,951 Shares of Teradyne, Inc. (NASDAQ:TER)

Exchange Traded Concepts LLC increased its stake in Teradyne, Inc. (NASDAQ:TER) by 7.6% in the 4th quarter, HoldingsChannel reports. The fund owned 170,068 shares of the company’s stock after acquiring an additional 11,951 shares during the period. Exchange Traded Concepts LLC’s holdings in Teradyne were worth $21,415,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Whittier Trust Co. boosted its position 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 buying an additional 88 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after acquiring an additional 103 shares during the period. Thrivent Financial for Lutherans increased its stake in Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC lifted its position in shares of Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after purchasing an additional 105 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in shares of Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after purchasing an additional 108 shares during the period. 99.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on TER. Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $117.00 to $154.00 in a report on Monday, January 6th. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Susquehanna increased their target price on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday. Finally, StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target of $149.31.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

Teradyne Stock Down 0.4 %

TER opened at $131.35 on Friday. The company has a market cap of $21.39 billion, a P/E ratio of 41.78, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. The firm’s 50-day moving average price is $123.40 and its 200-day moving average price is $126.81. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.80 earnings per share. On average, research analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Monday, November 25th. Teradyne’s dividend payout ratio is presently 15.24%.

Teradyne announced that its Board of Directors has authorized a stock 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 often a sign that the company’s board believes its shares are undervalued.

Teradyne 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.