West Michigan Advisors LLC Makes New Investment in Teradyne, Inc. $TER

West Michigan Advisors LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,154 shares of the company’s stock, valued at approximately $610,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Teradyne by 2.1% in the third quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock worth $2,947,935,000 after buying an additional 444,940 shares during the period. State Street Corp increased its position in Teradyne by 0.3% in the third quarter. State Street Corp now owns 7,017,649 shares of the company’s stock worth $965,909,000 after buying an additional 24,154 shares during the period. Ameriprise Financial Inc. increased its position in Teradyne by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock worth $723,600,000 after buying an additional 336,757 shares during the period. Allspring Global Investments Holdings LLC increased its position in Teradyne by 11.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock worth $490,134,000 after buying an additional 354,876 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Teradyne by 3.5% in the third quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock worth $407,322,000 after purchasing an additional 99,864 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TER has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research note on Tuesday. Zacks Research cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Northland Securities reissued a “market perform” rating and issued a $270.00 price target on shares of Teradyne in a research note on Wednesday, February 4th. TD Cowen reissued a “buy” rating on shares of Teradyne in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. increased their price target on Teradyne from $315.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $314.53.

Teradyne Stock Performance

NASDAQ:TER opened at $400.99 on Friday. Teradyne, Inc. has a 1 year low of $71.27 and a 1 year high of $404.83. The stock has a market cap of $62.78 billion, a price-to-earnings ratio of 115.23, a PEG ratio of 2.31 and a beta of 1.79. The business has a fifty day moving average of $323.40 and a 200-day moving average of $241.10.

Teradyne (NASDAQ:TER) last announced its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $970.44 million. During the same quarter last year, the business posted $0.95 earnings per share. The company’s quarterly revenue was up 43.9% on a year-over-year basis. On average, equities research analysts predict that Teradyne, Inc. will post 6.12 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is currently 14.94%.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.