Outlook Wealth Advisors LLC Grows Position in Teradyne, Inc. (NASDAQ:TER)

Outlook Wealth Advisors LLC increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 5.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,212 shares of the company’s stock after purchasing an additional 155 shares during the period. Outlook Wealth Advisors LLC’s holdings in Teradyne were worth $404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne in the second quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in shares of Teradyne in the 3rd quarter valued at about $29,000. Quarry LP grew its position in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares in the last quarter. Coastline Trust Co bought a new stake in Teradyne during the third quarter worth approximately $46,000. Finally, Brooklyn Investment Group purchased a new stake in Teradyne during the third quarter valued at approximately $52,000. 99.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $117.00 to $154.00 in a research report on Monday, January 6th. Craig Hallum dropped their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Robert W. Baird decreased their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.33.

Teradyne Price Performance

TER opened at $134.93 on Thursday. The firm has a market capitalization of $21.97 billion, a PE ratio of 42.83, a price-to-earnings-growth ratio of 2.23 and a beta of 1.46. The business’s 50-day moving average is $119.67 and its two-hundred day moving average is $127.22. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21.

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

Teradyne Announces Dividend

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

Teradyne declared that its board has authorized a share repurchase program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’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 transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

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.