Calton & Associates Inc. Boosts Stake in Teradyne, Inc. (NASDAQ:TER)

Calton & Associates Inc. boosted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 595.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,112 shares of the company's stock after purchasing an additional 40,337 shares during the period. Calton & Associates Inc.'s holdings in Teradyne were worth $3,891,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Natixis Advisors LLC raised its holdings in shares of Teradyne by 0.8% during the fourth quarter. Natixis Advisors LLC now owns 77,314 shares of the company's stock valued at $9,735,000 after purchasing an additional 581 shares during the period. Royal London Asset Management Ltd. grew its holdings in Teradyne by 5.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 72,781 shares of the company's stock worth $9,165,000 after buying an additional 3,594 shares in the last quarter. AllSquare Wealth Management LLC lifted its stake in Teradyne by 200.0% during 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 in the last quarter. 1620 Investment Advisors Inc. raised its holdings in shares of Teradyne by 28.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 1,089 shares of the company's stock valued at $137,000 after purchasing an additional 243 shares during the last quarter. Finally, Summit Global Investments bought a new position in shares of Teradyne during the 4th quarter worth approximately $214,000. Institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

NASDAQ:TER traded up $1.12 during trading hours on Friday, reaching $93.92. The stock had a trading volume of 2,523,107 shares, compared to its average volume of 2,794,097. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $155.18. The company has a 50 day moving average price of $86.73 and a two-hundred day moving average price of $95.45. The stock has a market capitalization of $15.07 billion, a PE ratio of 26.53, a PEG ratio of 4.10 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last announced its 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. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The business had revenue of $685.70 million for the quarter, compared to the consensus estimate of $680.54 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business's revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were issued a $0.12 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.51%. Teradyne's dividend payout ratio is presently 13.56%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TER shares. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Cantor Fitzgerald set a $105.00 price target on Teradyne and gave the company an "overweight" rating in a report on Tuesday, June 24th. The Goldman Sachs Group began coverage on Teradyne in a research report on Thursday, July 10th. They set a "sell" rating and a $80.00 price objective on the stock. Susquehanna decreased their price target on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Finally, Morgan Stanley boosted their price target on Teradyne from $68.00 to $74.00 and gave the company an "underweight" rating in a report on Wednesday, July 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $113.13.

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.