39,239 Shares in Teradyne, Inc. (NASDAQ:TER) Acquired by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,239 shares of the company's stock, valued at approximately $4,941,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its stake in shares of Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Teradyne during the fourth quarter valued at approximately $12,118,000. Franklin Resources Inc. lifted its holdings in Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after buying an additional 20,762 shares during the last quarter. Empowered Funds LLC grew its position in shares of Teradyne by 16.2% in the 4th quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock worth $3,811,000 after acquiring an additional 4,212 shares in the last quarter. Finally, Boston Trust Walden Corp increased its holdings in shares of Teradyne by 3.3% in the 4th quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock valued at $51,398,000 after acquiring an additional 13,020 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on TER. Stifel Nicolaus decreased their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Citigroup lowered their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Robert W. Baird cut their target price on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Finally, TD Cowen dropped their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.56.

Teradyne Trading Up 2.2%

NASDAQ:TER traded up $1.84 during mid-day trading on Tuesday, reaching $84.90. 2,817,341 shares of the stock were exchanged, compared to its average volume of 2,596,011. The business has a fifty day moving average price of $80.39 and a 200 day moving average price of $105.04. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The firm has a market capitalization of $13.62 billion, a PE ratio of 25.50, a PEG ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The company had revenue of $685.70 million for the quarter, compared to analysts' expectations of $680.54 million. During the same quarter in the previous year, the company posted $0.51 EPS. The business's revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio is 13.56%.

Teradyne announced that its board has initiated a share repurchase program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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.