Cwm LLC Boosts Position in Teradyne, Inc. (NASDAQ:TER)

Cwm LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 966.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,451 shares of the company's stock after buying an additional 33,940 shares during the period. Cwm LLC's holdings in Teradyne were worth $3,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Natixis Advisors LLC raised its holdings in shares of Teradyne by 0.8% in the 4th 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 in the last quarter. Royal London Asset Management Ltd. raised its position in Teradyne by 5.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 72,781 shares of the company's stock worth $9,165,000 after acquiring an additional 3,594 shares in the last quarter. Talos Asset Management LP acquired a new stake in shares of Teradyne in the 4th quarter worth approximately $18,523,000. AllSquare Wealth Management LLC lifted 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 valued at $38,000 after purchasing an additional 200 shares in the last quarter. Finally, 1620 Investment Advisors Inc. lifted its holdings in Teradyne by 28.7% in the 4th 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 in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

NASDAQ:TER opened at $92.80 on Friday. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $155.18. The business has a 50 day moving average of $86.40 and a 200 day moving average of $95.89. The company has a market capitalization of $14.89 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 4.01 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.14. The company had revenue of $685.70 million for the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. Teradyne's revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne declared that its board has initiated a share buyback program on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.52%. Teradyne's dividend payout ratio (DPR) is 13.56%.

Wall Street Analyst Weigh In

TER has been the subject of a number of research reports. Morgan Stanley lifted their price target on Teradyne from $68.00 to $74.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. KeyCorp restated a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. The Goldman Sachs Group started coverage on Teradyne in a research note on Thursday, July 10th. They issued a "sell" rating and a $80.00 price target for the company. Susquehanna decreased their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered shares of Teradyne from an "overweight" rating to a "neutral" rating and increased their target price for the company from $88.00 to $102.00 in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Teradyne has a consensus rating of "Hold" and an average target price of $113.13.

Teradyne Company 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.

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