Teradyne, Inc. (NASDAQ:TER) Shares Bought by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,644 shares of the company’s stock after purchasing an additional 497 shares during the period. Teradyne comprises about 1.6% of Bourgeon Capital Management LLC’s holdings, making the stock its 29th largest position. Bourgeon Capital Management LLC’s holdings in Teradyne were worth $8,770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Teradyne during the third quarter worth about $29,000. Quarry LP boosted its holdings in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares in the last quarter. Coastline Trust Co acquired a new position in Teradyne during the 3rd quarter worth approximately $46,000. Brooklyn Investment Group purchased a new position in shares of Teradyne during the 3rd quarter worth approximately $52,000. Finally, Eastern Bank acquired a new stake in shares of Teradyne in the 3rd quarter valued at approximately $67,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Down 4.4 %

Teradyne stock opened at $132.30 on Wednesday. The stock has a market cap of $21.55 billion, a PE ratio of 42.00, a P/E/G ratio of 2.30 and a beta of 1.46. The stock has a 50-day moving average price of $122.33 and a 200 day moving average price of $126.72. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21.

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

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has approved a share 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 reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

TER has been the subject of several research analyst reports. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Evercore ISI boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus dropped their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird reduced their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.77.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

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.