Bourgeon Capital Management LLC Reduces Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Bourgeon Capital Management LLC decreased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 53.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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 bought and sold shares of TER. Vanguard Group Inc. raised its stake in shares of Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock worth $2,569,511,000 after buying an additional 92,428 shares during the period. Van ECK Associates Corp raised its stake in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after buying an additional 1,846,079 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Teradyne by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after buying an additional 1,065,474 shares during the period. Geode Capital Management LLC raised its stake in shares of Teradyne by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock worth $515,665,000 after buying an additional 94,374 shares during the period. Finally, Aspex Management HK Ltd raised its stake in shares of Teradyne by 35.5% in the fourth quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock worth $407,331,000 after buying an additional 847,409 shares during the period. Institutional investors own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. UBS Group set a $130.00 price objective on Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. 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. Bank of America decreased their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Finally, TD Cowen decreased their price objective on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $114.67.

Teradyne Stock Up 4.3%

TER stock traded up $3.49 during mid-day trading on Friday, hitting $85.23. The company had a trading volume of 3,114,895 shares, compared to its average volume of 2,607,610. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 2.83 and a beta of 1.69. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The company has a 50-day moving average price of $76.98 and a 200 day moving average price of $101.60.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.14. The business had revenue of $685.70 million during 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 revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. As a group, analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.56%. The ex-dividend date is Thursday, May 22nd. Teradyne's dividend payout ratio is presently 13.56%.

Teradyne declared that its board has authorized a stock repurchase plan on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors 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.