Parallel Advisors LLC Buys 279 Shares of Teradyne, Inc. (NASDAQ:TER)

Parallel Advisors LLC lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 18.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,783 shares of the company’s stock after purchasing an additional 279 shares during the period. Parallel Advisors LLC’s holdings in Teradyne were worth $147,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TER. Compass Financial Services Inc bought a new stake in shares of Teradyne during the 4th quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Teradyne during the 4th quarter worth $34,000. AllSquare Wealth Management LLC raised its position in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after acquiring an additional 200 shares during the period. Manchester Capital Management LLC raised its position in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after acquiring an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Teradyne in the fourth quarter worth about $45,000. 99.77% of the stock is owned by institutional investors.

Teradyne Trading Down 0.4%

Teradyne stock opened at $81.75 on Friday. The firm’s 50 day simple moving average is $76.92 and its 200 day simple moving average is $101.72. The firm has a market capitalization of $13.11 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 2.83 and a beta of 1.69. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.14. The firm had revenue of $685.70 million for the quarter, compared to analysts’ expectations of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Thursday, May 22nd. Teradyne’s dividend payout ratio (DPR) is 13.56%.

Teradyne declared that its board has authorized a stock buyback program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

TER has been the topic of a number of research reports. UBS Group set a $130.00 price target on shares of Teradyne and gave the stock a “buy” rating in a report on Wednesday, March 12th. Cantor Fitzgerald lowered their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. KeyCorp restated a “sector weight” rating on shares of Teradyne in a research note on Thursday, April 17th. Stifel Nicolaus lowered their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. Finally, Susquehanna lowered their target price on Teradyne from $155.00 to $133.00 and set a “positive” rating on the stock in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $114.67.

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.