SG Americas Securities LLC Grows Position in Teradyne, Inc. (NASDAQ:TER)

SG Americas Securities LLC grew its position in Teradyne, Inc. (NASDAQ:TER) by 988.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,839 shares of the company’s stock after buying an additional 112,459 shares during the quarter. SG Americas Securities LLC’s holdings in Teradyne were worth $15,594,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TER. Evergreen Capital Management LLC purchased a new position in shares of Teradyne in the second quarter valued at $208,000. Bank of Montreal Can increased its position in shares of Teradyne by 29.7% in the second quarter. Bank of Montreal Can now owns 209,284 shares of the company’s stock valued at $31,108,000 after buying an additional 47,962 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Teradyne by 60.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,297 shares of the company’s stock valued at $4,344,000 after acquiring an additional 11,034 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Teradyne during the second quarter valued at $2,277,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Teradyne during the second quarter valued at $639,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

NASDAQ TER opened at $131.83 on Friday. The firm has a market capitalization of $21.47 billion, a P/E ratio of 41.85, a P/E/G ratio of 2.21 and a beta of 1.46. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21. The business’s 50-day simple moving average is $123.40 and its 200-day simple moving average is $126.81.

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

Teradyne announced that its Board of Directors has approved a stock repurchase plan on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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 paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Monday, November 25th. Teradyne’s dividend payout ratio is currently 15.24%.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Craig Hallum decreased their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $117.00 to $154.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $145.00 to $158.00 in a research note on Monday, December 16th. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $121.00 to $117.00 in a research note on Tuesday. Finally, Evercore ISI increased their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $149.31.

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.