Boston Trust Walden Corp Lowers Stake in Teradyne, Inc. (NASDAQ:TER)

Boston Trust Walden Corp lowered its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 0.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 404,764 shares of the company's stock after selling 3,413 shares during the quarter. Boston Trust Walden Corp owned 0.25% of Teradyne worth $33,433,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Teradyne during the 4th quarter valued at about $34,000. AllSquare Wealth Management LLC grew its holdings 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 purchasing an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Teradyne in the fourth quarter worth about $45,000. Sentry Investment Management LLC bought a new position in shares of Teradyne in the first quarter worth about $45,000. Finally, Atala Financial Inc bought a new position in Teradyne during the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Down 0.2%

Shares of Teradyne stock opened at $86.26 on Friday. The firm has a market capitalization of $13.84 billion, a P/E ratio of 24.37, a PEG ratio of 3.77 and a beta of 1.69. The company has a 50 day moving average price of $79.19 and a 200 day moving average price of $100.24. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the consensus estimate 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 net margin of 19.86% and a return on equity of 20.06%. Teradyne's revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. As a group, research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne declared that its board has initiated a share repurchase program on Monday, April 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's payout ratio is currently 13.56%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Cantor Fitzgerald dropped their target price on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Morgan Stanley dropped their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus dropped their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a "buy" rating in a report on Wednesday, March 12th. Finally, TD Cowen decreased their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.67.

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.

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