Nordea Investment Management AB Increases Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Nordea Investment Management AB lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,522,492 shares of the company’s stock after buying an additional 63,218 shares during the quarter. Nordea Investment Management AB owned about 0.93% of Teradyne worth $194,407,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in Teradyne during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Teradyne in the third quarter valued at approximately $29,000. Quarry LP boosted its holdings in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares during the period. Coastline Trust Co purchased a new position in shares of Teradyne during the third quarter worth approximately $46,000. Finally, Brooklyn Investment Group acquired a new position in shares of Teradyne in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $140.00 on Tuesday. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The stock has a fifty day moving average price of $116.28 and a two-hundred day moving average price of $127.71. The stock has a market capitalization of $22.80 billion, a price-to-earnings ratio of 44.44, a PEG ratio of 2.66 and a beta of 1.46.

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

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is 15.24%.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Northland Securities upgraded shares of Teradyne from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $117.00 to $154.00 in a research note on Monday. Craig Hallum dropped their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Finally, Robert W. Baird lowered their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $150.33.

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.