Ensign Peak Advisors Inc Buys 94,699 Shares of Teradyne, Inc. (NASDAQ:TER)

Ensign Peak Advisors Inc raised its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 123.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 171,507 shares of the company's stock after acquiring an additional 94,699 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.11% of Teradyne worth $21,596,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Compass Financial Services Inc bought a new position in Teradyne in the fourth quarter valued at about $33,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Teradyne in the fourth quarter worth about $34,000. AllSquare Wealth Management LLC raised its stake in shares of Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after buying an additional 200 shares during the period. Manchester Capital Management LLC raised its stake in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after buying an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Teradyne in the fourth quarter worth about $45,000. Institutional investors own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

TER has been the topic of several recent research reports. Citigroup decreased their price objective on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Cantor Fitzgerald decreased their price objective on Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. decreased their target price on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. TD Cowen decreased their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Finally, Vertical Research assumed coverage on Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and a consensus target price of $117.56.

Teradyne Price Performance

Shares of Teradyne stock traded down $0.63 on Wednesday, reaching $84.27. The company had a trading volume of 2,307,405 shares, compared to its average volume of 2,598,299. The firm has a market cap of $13.52 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 2.83 and a beta of 1.70. The firm's 50-day moving average price is $79.98 and its two-hundred day moving average price is $104.90. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. The firm had revenue of $685.70 million during 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% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. As a group, analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

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 dividend of $0.12 per share. 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 (DPR) is presently 13.56%.

Teradyne declared that its board has approved a stock buyback program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes 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 management believes its stock is undervalued.

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.