Banque Cantonale Vaudoise bought a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,897 shares of the company's stock, valued at approximately $240,000.
A number of other institutional investors have also made changes to their positions in TER. DAVENPORT & Co LLC lifted its holdings in Teradyne by 29.8% during the first quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company's stock worth $421,000 after acquiring an additional 1,170 shares during the period. Park Avenue Securities LLC grew its position in Teradyne by 56.0% during the first quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock worth $252,000 after buying an additional 1,093 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Teradyne by 6.4% during the first quarter. Crossmark Global Holdings Inc. now owns 4,328 shares of the company's stock worth $357,000 after buying an additional 261 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Teradyne by 5.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 68,612 shares of the company's stock worth $5,667,000 after purchasing an additional 3,589 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Teradyne by 306.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,661 shares of the company's stock worth $3,111,000 after purchasing an additional 28,406 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.
Teradyne Stock Performance
Shares of NASDAQ TER traded up $1.21 during midday trading on Tuesday, reaching $106.93. 7,231,843 shares of the stock were exchanged, compared to its average volume of 4,772,442. The company has a 50 day simple moving average of $90.28 and a 200 day simple moving average of $92.25. The stock has a market capitalization of $17.01 billion, a P/E ratio of 37.00, a PEG ratio of 2.22 and a beta of 1.72. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $144.16.
Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The company had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. During the same quarter last year, the company posted $0.86 EPS. The firm's revenue was down 10.7% compared to the same quarter last year. On average, research analysts expect 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 authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.
Teradyne Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is currently 16.61%.
Insider Buying and Selling
In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $105.73, for a total value of $58,574.42. Following the transaction, the chief executive officer directly owned 97,547 shares in the company, valued at approximately $10,313,644.31. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
TER has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $102.00 target price (up previously from $88.00) on shares of Teradyne in a research report on Thursday, July 17th. Morgan Stanley raised Teradyne from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $74.00 to $100.00 in a research report on Thursday, July 31st. Susquehanna decreased their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen downgraded Teradyne from a "hold" rating to a "sell" rating in a research note on Saturday. Three analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $114.44.
Read Our Latest Research Report on TER
About Teradyne
(
Free Report)
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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