Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Sora Investors LLC

Sora Investors LLC lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 276.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,714 shares of the company’s stock after purchasing an additional 110,714 shares during the period. Teradyne comprises 2.1% of Sora Investors LLC’s portfolio, making the stock its 17th largest position. Sora Investors LLC’s holdings in Teradyne were worth $18,978,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in TER. Czech National Bank lifted its position in shares of Teradyne by 6.2% during the fourth quarter. Czech National Bank now owns 35,312 shares of the company’s stock worth $4,446,000 after purchasing an additional 2,072 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Teradyne during the fourth quarter worth $217,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Teradyne by 40.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 629 shares of the company’s stock worth $79,000 after purchasing an additional 180 shares in the last quarter. Outlook Wealth Advisors LLC raised its holdings in Teradyne by 5.1% in the fourth quarter. Outlook Wealth Advisors LLC now owns 3,212 shares of the company’s stock valued at $404,000 after acquiring an additional 155 shares in the last quarter. Finally, Rovin Capital UT ADV raised its holdings in Teradyne by 48.8% in the fourth quarter. Rovin Capital UT ADV now owns 4,226 shares of the company’s stock valued at $532,000 after acquiring an additional 1,385 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TER shares. TD Cowen cut their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price target on shares of Teradyne from $120.00 to $92.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Robert W. Baird cut their price target on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. UBS Group set a $130.00 price target on shares of Teradyne and gave the company a “buy” rating in a report on Wednesday, March 12th. Finally, Cantor Fitzgerald cut their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.56.

Teradyne Price Performance

TER stock opened at $82.99 on Friday. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The firm has a fifty day moving average price of $79.06 and a two-hundred day moving average price of $104.56. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 24.92, 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 EPS for the quarter, topping the consensus estimate of $0.61 by $0.14. The business had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

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

Teradyne declared that its board has approved a stock repurchase program on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 8.1% of its stock through open market purchases. Stock buyback programs are typically 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.