Metis Global Partners LLC Raises Stake in Teradyne, Inc. (NASDAQ:TER)

Metis Global Partners LLC boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,468 shares of the company’s stock after purchasing an additional 314 shares during the quarter. Metis Global Partners LLC’s holdings in Teradyne were worth $689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Thrivent Financial for Lutherans grew its stake in shares of Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after buying an additional 104 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after acquiring an additional 105 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after acquiring an additional 108 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Teradyne by 5.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company’s stock worth $324,000 after acquiring an additional 132 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Teradyne by 1.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,255 shares of the company’s stock valued at $1,373,000 after acquiring an additional 133 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the topic of several recent analyst reports. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 price target on shares of Teradyne in a report on Thursday, January 30th. Northland Securities reduced their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. KeyCorp lowered their price objective on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and an average price target of $143.77.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $107.23 on Wednesday. The stock’s 50-day simple moving average is $122.60 and its two-hundred day simple moving average is $122.26. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 52-week low of $95.80 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.45%. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Teradyne declared that its Board of Directors has approved a stock buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 614 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00. Following the sale, the chief financial officer now owns 30,446 shares in the company, valued at $3,105,492. The trade was a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by company insiders.

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.