ProShare Advisors LLC Grows Position in Teradyne, Inc. (NASDAQ:TER)

ProShare Advisors LLC raised its position in Teradyne, Inc. (NASDAQ:TER) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 53,722 shares of the company’s stock after purchasing an additional 2,892 shares during the period. ProShare Advisors LLC’s holdings in Teradyne were worth $6,765,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantinno Capital Management LP boosted its position in shares of Teradyne by 25.9% during the fourth quarter. Quantinno Capital Management LP now owns 66,584 shares of the company’s stock valued at $8,384,000 after buying an additional 13,694 shares during the period. Panoramic Capital LLC bought a new stake in shares of Teradyne during the 4th quarter worth approximately $3,148,000. Mufg Securities Americas Inc. bought a new stake in shares of Teradyne during the 4th quarter worth approximately $303,000. Nissay Asset Management Corp Japan ADV boosted its holdings in Teradyne by 6.2% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 82,816 shares of the company’s stock valued at $10,645,000 after acquiring an additional 4,869 shares during the period. Finally, Nomura Holdings Inc. bought a new position in Teradyne in the 4th quarter valued at $675,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TER. Morgan Stanley decreased their target price on Teradyne from $81.00 to $69.00 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. Susquehanna lowered their price objective on shares of Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a research report on Wednesday, April 30th. Bank of America dropped their target price on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird decreased their price target on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Finally, Stifel Nicolaus lowered their price target on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.56.

Teradyne Trading Down 0.3%

TER opened at $82.73 on Monday. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The stock has a fifty day moving average price of $78.97 and a 200-day moving average price of $104.30.

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

Teradyne Dividend Announcement

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

Teradyne declared that its board has initiated a stock buyback program on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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.