Teradyne, Inc. (NASDAQ:TER) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 3,221.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 331,756 shares of the company's stock after purchasing an additional 321,768 shares during the quarter. Cerity Partners LLC owned approximately 0.21% of Teradyne worth $27,403,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Teradyne by 36.1% during the 1st quarter. Allworth Financial LP now owns 795 shares of the company's stock worth $61,000 after buying an additional 211 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Teradyne by 0.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 653,093 shares of the company's stock valued at $53,061,000 after acquiring an additional 2,309 shares during the period. Interchange Capital Partners LLC increased its stake in Teradyne by 8.5% during the first quarter. Interchange Capital Partners LLC now owns 2,808 shares of the company's stock worth $232,000 after acquiring an additional 221 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake 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 acquiring an additional 261 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in shares of Teradyne by 40.1% in the 1st quarter. Penserra Capital Management LLC now owns 136,839 shares of the company's stock worth $11,301,000 after purchasing an additional 39,190 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Susquehanna cut their price objective on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley upped their target price on Teradyne from $68.00 to $74.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. Finally, The Goldman Sachs Group assumed coverage on Teradyne in a research note on Thursday. They issued a "sell" rating and a $80.00 target price for the company. Three equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $112.50.

Teradyne Stock Down 1.9%

TER stock traded down $1.83 during midday trading on Monday, reaching $95.22. The company had a trading volume of 3,603,923 shares, compared to its average volume of 3,303,593. The firm has a market capitalization of $15.28 billion, a PE ratio of 26.90, a P/E/G ratio of 4.23 and a beta of 1.70. The stock has a 50 day moving average price of $84.97 and a 200 day moving average price of $96.40. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The firm had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same period in the prior year, the business earned $0.51 EPS. The firm's revenue was up 14.3% on a year-over-year basis. Research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is 13.56%.

Teradyne announced that its Board of Directors has authorized a stock buyback plan on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 8.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership 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.