Bourgeon Capital Management LLC Has $2.67 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Bourgeon Capital Management LLC cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 53.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,271 shares of the company's stock after selling 37,373 shares during the quarter. Bourgeon Capital Management LLC's holdings in Teradyne were worth $2,666,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TER. Compass Financial Services Inc bought a new stake in Teradyne in the fourth quarter valued at about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Teradyne in the 4th quarter worth approximately $34,000. AllSquare Wealth Management LLC increased its holdings in shares of Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC raised its position in shares of Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after acquiring an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Teradyne during the fourth quarter worth $45,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TER shares. UBS Group set a $130.00 price target on shares of Teradyne and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Morgan Stanley dropped their price target on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird cut their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. lowered their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Citigroup dropped their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $114.67.

Teradyne Trading Up 0.7%

TER stock traded up $0.61 during trading hours on Wednesday, hitting $82.06. 2,471,525 shares of the stock traded hands, compared to its average volume of 2,599,677. The stock has a 50-day simple moving average of $76.96 and a 200 day simple moving average of $102.02. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The company has a market cap of $13.16 billion, a P/E ratio of 24.64, a P/E/G ratio of 2.83 and a beta of 1.70.

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

Teradyne announced that its Board of Directors has initiated a share 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 shares through open market purchases. Shares buyback programs are typically a sign 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. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

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.