Captrust Financial Advisors Raises Stock Position in Teradyne, Inc. (NASDAQ:TER)

Captrust Financial Advisors grew its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 58.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,413 shares of the company's stock after purchasing an additional 4,195 shares during the quarter. Captrust Financial Advisors' holdings in Teradyne were worth $1,437,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TER. Norges Bank acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $270,989,000. Van ECK Associates Corp grew its position in shares of Teradyne by 59.9% in the fourth 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $160,087,000. Ameriprise Financial Inc. boosted its position in Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after acquiring an additional 1,065,474 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Teradyne by 142.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock worth $191,718,000 after acquiring an additional 894,849 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Bank of America decreased their target price on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research report on Wednesday, March 12th. Susquehanna decreased their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. Cantor Fitzgerald decreased their target price on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. TD Cowen decreased their target price on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Finally, UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and an average price target of $117.56.

Teradyne Trading Up 2.2%

Shares of TER stock opened at $84.90 on Wednesday. The company's fifty day simple moving average is $79.98 and its 200-day simple moving average is $104.90. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21. The company has a market cap of $13.62 billion, a PE ratio of 25.50, a P/E/G ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last issued its 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 business had revenue of $685.70 million for the quarter, compared to the consensus estimate of $680.54 million. During the same quarter last year, the firm posted $0.51 EPS. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. Equities research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne declared that its Board of Directors has approved a share buyback plan on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio is presently 13.56%.

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.

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