Teradyne, Inc. (NASDAQ:TER) Holdings Decreased by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 53.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,933 shares of the company's stock after selling 13,450 shares during the quarter. Cresset Asset Management LLC's holdings in Teradyne were worth $1,503,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Crestline Management LP purchased a new position in Teradyne in the 4th quarter worth approximately $19,195,000. Captrust Financial Advisors boosted its holdings in Teradyne by 58.1% in the 4th quarter. Captrust Financial Advisors now owns 11,413 shares of the company's stock worth $1,437,000 after acquiring an additional 4,195 shares during the period. Cardiff Park Advisors LLC purchased a new position in Teradyne in the 4th quarter worth approximately $1,889,000. Castlekeep Investment Advisors LLC purchased a new position in Teradyne in the 4th quarter worth approximately $254,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Teradyne by 142.6% in the 4th 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 period. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Down 0.7%

TER stock traded down $0.61 during mid-day trading on Friday, reaching $82.39. The company had a trading volume of 581,182 shares, compared to its average volume of 2,588,839. The stock has a market capitalization of $13.22 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The stock's 50-day simple moving average is $79.06 and its two-hundred day simple moving average is $104.56.

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

Teradyne announced that its Board of Directors has authorized a share repurchase plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Teradyne Announces Dividend

The business 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 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 of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio is currently 13.56%.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Robert W. Baird reduced their target price on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Bank of America reduced their target price on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Citigroup reduced their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus reduced their target price on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Two 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 has an average rating of "Moderate Buy" and an average price target of $117.56.

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.