Neo Ivy Capital Management Makes New $244,000 Investment in Teradyne, Inc. (NASDAQ:TER)

Neo Ivy Capital Management purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,822 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in Teradyne during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Teradyne in the third quarter worth $29,000. Rothschild Investment LLC purchased a new stake in shares of Teradyne in the second quarter worth $33,000. Quarry LP boosted its stake in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after buying an additional 169 shares during the period. Finally, Tortoise Investment Management LLC grew its position in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after buying an additional 118 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of TER stock opened at $120.95 on Friday. The business has a 50-day moving average of $115.32 and a 200 day moving average of $129.89. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21. The stock has a market capitalization of $19.70 billion, a PE ratio of 38.40, a P/E/G ratio of 2.60 and a beta of 1.51.

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

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne announced that its Board of Directors has approved a stock buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

TER has been the topic of several recent analyst reports. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a report on Friday, August 16th. Craig Hallum lowered their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Northland Securities cut their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus reduced their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $142.62.

Insider Buying and Selling at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the transaction, the director now directly owns 15,893 shares in the company, valued at approximately $2,110,590.40. This represents a 3.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the sale, the insider now directly owns 21,864 shares in the company, valued at $2,903,539.20. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,494 shares of company stock worth $596,803. 0.36% of the stock is currently owned by company insiders.

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.