Kempner Capital Management Inc. Has $3.79 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Kempner Capital Management Inc. increased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 46.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,902 shares of the company's stock after buying an additional 14,568 shares during the period. Teradyne comprises 2.1% of Kempner Capital Management Inc.'s portfolio, making the stock its 25th largest holding. Kempner Capital Management Inc.'s holdings in Teradyne were worth $3,792,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Roberts Glore & Co. Inc. IL boosted its position in Teradyne by 2.2% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock worth $517,000 after purchasing an additional 90 shares during the period. Covestor Ltd boosted its position in Teradyne by 12.3% in the 4th quarter. Covestor Ltd now owns 901 shares of the company's stock valued at $113,000 after buying an additional 99 shares during the last quarter. Snowden Capital Advisors LLC boosted its position in Teradyne by 2.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company's stock valued at $472,000 after buying an additional 103 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Teradyne by 4.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company's stock valued at $429,000 after buying an additional 119 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its position in Teradyne by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock valued at $283,000 after buying an additional 124 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Trading Up 0.0%

TER traded up $0.03 during trading on Friday, hitting $86.29. The stock had a trading volume of 6,559,880 shares, compared to its average volume of 2,647,482. The firm 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, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The company has a 50 day simple moving average of $79.44 and a 200-day simple moving average of $99.92.

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

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

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 dividend yield of 0.56%. Teradyne's payout ratio is 13.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TER shares. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Bank of America cut their target price on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a "buy" rating in a report on Wednesday, March 12th. Susquehanna cut their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Finally, Morgan Stanley cut their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Teradyne has an average rating of "Moderate Buy" and a consensus target price of $114.67.

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.