Dakota Wealth Management Buys 160 Shares of Teradyne, Inc. (NASDAQ:TER)

Dakota Wealth Management grew its stake in Teradyne, Inc. (NASDAQ:TER) by 3.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,355 shares of the company’s stock after purchasing an additional 160 shares during the quarter. Dakota Wealth Management’s holdings in Teradyne were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Bourgeon Capital Management LLC increased its holdings in Teradyne by 0.7% during the 4th quarter. Bourgeon Capital Management LLC now owns 69,644 shares of the company’s stock worth $8,770,000 after purchasing an additional 497 shares during the period. Chesley Taft & Associates LLC increased its stake in shares of Teradyne by 6.8% during the fourth quarter. Chesley Taft & Associates LLC now owns 14,590 shares of the company’s stock valued at $1,837,000 after buying an additional 925 shares during the period. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Teradyne by 6.4% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 8,103 shares of the company’s stock valued at $1,020,000 after acquiring an additional 490 shares in the last quarter. UMB Bank n.a. lifted its stake in Teradyne by 28.4% in the fourth quarter. UMB Bank n.a. now owns 701 shares of the company’s stock worth $88,000 after acquiring an additional 155 shares during the period. Finally, Gilman Hill Asset Management LLC grew its holdings in Teradyne by 6.5% during the 4th quarter. Gilman Hill Asset Management LLC now owns 23,927 shares of the company’s stock worth $3,013,000 after acquiring an additional 1,465 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. Evercore ISI upped their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Susquehanna upped their target price on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday. Stifel Nicolaus cut their price target on Teradyne from $140.00 to $125.00 and set a “hold” 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 research note on Monday, January 6th. Finally, JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $145.00 to $158.00 in a research report on Monday, December 16th. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.31.

Teradyne Trading Down 1.4 %

NASDAQ:TER opened at $129.92 on Friday. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21. The company has a market cap of $21.16 billion, a PE ratio of 41.24, a P/E/G ratio of 2.25 and a beta of 1.46. The company’s 50 day moving average is $123.95 and its two-hundred day moving average is $126.64.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The firm 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%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Dividend Announcement

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 declared that its board has authorized a share buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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 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.