Versant Capital Management Inc Boosts Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Versant Capital Management Inc lifted its position in Teradyne, Inc. (NASDAQ:TER) by 103.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 729 shares of the company’s stock after acquiring an additional 371 shares during the quarter. Versant Capital Management Inc’s holdings in Teradyne were worth $92,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Systems of Alabama increased its stake in Teradyne by 4.1% in the 3rd quarter. Retirement Systems of Alabama now owns 35,836 shares of the company’s stock valued at $4,800,000 after buying an additional 1,399 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after acquiring an additional 20,762 shares in the last quarter. Tidal Investments LLC increased its position in shares of Teradyne by 61.6% during the third quarter. Tidal Investments LLC now owns 18,197 shares of the company’s stock valued at $2,437,000 after acquiring an additional 6,933 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Teradyne during the third quarter worth $81,000. Finally, Anchor Investment Management LLC purchased a new position in Teradyne in the third quarter worth $95,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus decreased their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Evercore ISI raised 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. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $145.00 to $158.00 in a research note on Monday, December 16th. Finally, Craig Hallum dropped 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. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.25.

Teradyne Price Performance

Teradyne stock opened at $130.60 on Friday. The firm has a market capitalization of $21.27 billion, a P/E ratio of 41.46, a PEG ratio of 2.66 and a beta of 1.51. Teradyne, Inc. has a one year low of $92.29 and a one year high of $163.21. The business has a fifty day moving average price of $115.70 and a 200-day moving average price of $127.93.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same quarter last year, the company earned $0.80 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Sell-side analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne declared that its Board of Directors has approved a stock buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.