Teradyne, Inc. (NASDAQ:TER) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 1.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 171,501 shares of the company's stock after selling 2,949 shares during the period. Janney Montgomery Scott LLC owned about 0.11% of Teradyne worth $14,166,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Teradyne in the fourth quarter worth $34,000. AllSquare Wealth Management LLC increased its stake in Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after purchasing an additional 200 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in Teradyne during the 4th quarter valued at $45,000. Atala Financial Inc bought a new stake in shares of Teradyne in the fourth quarter worth about $47,000. Finally, Sentry Investment Management LLC bought a new position in Teradyne during the 1st quarter valued at approximately $45,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Teradyne stock traded up $0.03 during midday trading on Friday, hitting $86.29. 6,559,880 shares of the company's stock were exchanged, compared to its average volume of 2,664,113. The firm has a 50-day moving average of $79.19 and a two-hundred day moving average of $100.24. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The company has a market cap of $13.84 billion, a PE ratio of 24.38, a P/E/G ratio of 3.77 and a beta of 1.69.

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

Teradyne declared that its Board of Directors has initiated a stock buyback plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is 13.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Bank of America reduced their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Susquehanna lowered their price target on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. TD Cowen lowered their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Finally, UBS Group set a $130.00 target price on shares of Teradyne and gave the company a "buy" rating in a 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $114.67.

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.