Captrust Financial Advisors Has $1.44 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TER. Harbor Capital Advisors Inc. raised its holdings in Teradyne by 14.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,499 shares of the company's stock worth $441,000 after purchasing an additional 452 shares in the last quarter. Czech National Bank raised its holdings in Teradyne by 6.2% during the fourth quarter. Czech National Bank now owns 35,312 shares of the company's stock worth $4,446,000 after purchasing an additional 2,072 shares in the last quarter. Tealwood Asset Management Inc. raised its holdings in Teradyne by 1.7% during the fourth quarter. Tealwood Asset Management Inc. now owns 9,510 shares of the company's stock worth $1,197,000 after purchasing an additional 161 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in Teradyne during the fourth quarter worth approximately $217,000. Finally, Assenagon Asset Management S.A. raised its holdings in Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock worth $116,233,000 after purchasing an additional 873,626 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

NASDAQ:TER traded down $1.26 during trading hours on Monday, hitting $81.47. 1,840,342 shares of the company's stock traded hands, compared to its average volume of 2,595,322. The firm has a market cap of $13.07 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The stock's fifty day moving average price is $78.86 and its two-hundred day moving average price is $104.12.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.14. The firm had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Teradyne's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. On average, equities research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne declared that its Board of Directors has authorized a stock repurchase program on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's payout ratio is currently 13.56%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TER shares. Bank of America dropped their price target on Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. cut their target price on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. TD Cowen reduced their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Vertical Research began coverage on 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 target price on Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and an average price target of $117.56.

About Teradyne

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.