Harbor Capital Advisors Inc. Buys 478 Shares of Teradyne, Inc. (NASDAQ:TER)

Harbor Capital Advisors Inc. increased its stake in Teradyne, Inc. (NASDAQ:TER) by 13.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,977 shares of the company’s stock after acquiring an additional 478 shares during the period. Harbor Capital Advisors Inc.’s holdings in Teradyne were worth $329,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in Teradyne in the fourth quarter worth $34,000. AllSquare Wealth Management LLC lifted its stake in shares of Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in Teradyne during the 4th quarter worth approximately $45,000. Finally, Sentry Investment Management LLC bought a new position in Teradyne during the 1st quarter worth approximately $45,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $83.08 on Friday. The company has a market capitalization of $13.33 billion, a PE ratio of 24.95, a PEG ratio of 2.83 and a beta of 1.69. The business has a fifty day moving average price of $78.24 and a 200-day moving average price of $100.83. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21.

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

Teradyne declared that its board has authorized a stock repurchase plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Thursday, May 22nd. Teradyne’s payout ratio is presently 13.56%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TER. Citigroup dropped their price objective on Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald cut 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 report on Thursday, April 17th. Vertical Research started coverage on shares of Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 target price for the company. Finally, Susquehanna reduced their price target on Teradyne from $155.00 to $133.00 and set a “positive” rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.67.

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.