Kempner Capital Management Inc. Boosts Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Kempner Capital Management Inc. boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 46.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,902 shares of the company's stock after acquiring an additional 14,568 shares during the period. Teradyne accounts for 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 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Roberts Glore & Co. Inc. IL grew its stake in shares of Teradyne by 2.2% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock worth $517,000 after buying an additional 90 shares in the last quarter. Covestor Ltd grew its stake in shares of Teradyne by 12.3% in the 4th quarter. Covestor Ltd now owns 901 shares of the company's stock worth $113,000 after buying an additional 99 shares in the last quarter. Snowden Capital Advisors LLC grew its stake in shares of Teradyne by 2.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company's stock worth $472,000 after buying an additional 103 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Teradyne by 4.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company's stock worth $429,000 after buying an additional 119 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Teradyne by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock worth $283,000 after buying an additional 124 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of TER opened at $86.26 on Thursday. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The company has a 50-day moving average of $78.91 and a 200 day moving average of $100.42. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 3.78 and a beta of 1.69.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data 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. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The company had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. During the same quarter last year, the business posted $0.51 EPS. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

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

Teradyne Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. Teradyne's payout ratio is 13.56%.

Analysts Set New Price Targets

A number of equities analysts have commented on TER shares. UBS Group set a $130.00 price objective on shares of Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Citigroup dropped their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. TD Cowen dropped their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. dropped their price objective on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.