Sivia Capital Partners LLC Makes New $225,000 Investment in Teradyne, Inc. (NASDAQ:TER)

Sivia Capital Partners LLC purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,718 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors have also recently made changes to their positions in TER. Financial Advocates Investment Management increased its holdings in Teradyne by 16.7% during the fourth quarter. Financial Advocates Investment Management now owns 4,001 shares of the company’s stock worth $504,000 after buying an additional 574 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Teradyne by 21.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,322 shares of the company’s stock worth $2,937,000 after purchasing an additional 4,062 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Teradyne during the 4th quarter worth about $205,000. Empowered Funds LLC increased its position in Teradyne by 16.2% during the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company’s stock worth $3,811,000 after buying an additional 4,212 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Teradyne by 6.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 5,717 shares of the company’s stock worth $720,000 after acquiring an additional 369 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the topic of a number of recent analyst reports. Vertical Research started coverage on Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 target price on the stock. TD Cowen decreased their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley decreased their price target on shares of Teradyne from $81.00 to $69.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 16th. Bank of America decreased their price target on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Teradyne in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.67.

Teradyne Stock Performance

TER opened at $85.23 on Monday. The firm has a market cap of $13.67 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 2.83 and a beta of 1.69. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The business’s fifty day moving average is $76.98 and its 200-day moving average is $101.56.

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

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne’s dividend payout ratio is presently 13.56%.

Teradyne announced that its Board of Directors has authorized a share buyback plan on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.