Larson Financial Group LLC Purchases 3,194 Shares of Teradyne, Inc. (NASDAQ:TER)

Larson Financial Group LLC grew its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 160.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,181 shares of the company's stock after purchasing an additional 3,194 shares during the period. Larson Financial Group LLC's holdings in Teradyne were worth $428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of Teradyne in the 4th quarter valued at $270,989,000. Ameriprise Financial Inc. increased its stake in shares of Teradyne by 28.3% during the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after purchasing an additional 1,065,474 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Teradyne by 142.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock valued at $191,718,000 after buying an additional 894,849 shares in the last quarter. Aspex Management HK Ltd grew its position in shares of Teradyne by 35.5% during the 4th quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock valued at $407,331,000 after purchasing an additional 847,409 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in Teradyne by 38.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,873,936 shares of the company's stock worth $235,966,000 after purchasing an additional 523,296 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Performance

Teradyne stock opened at $92.80 on Friday. The stock's 50 day simple moving average is $86.40 and its two-hundred day simple moving average is $95.89. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $155.18. The stock has a market cap 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 issued its earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.14. The company had revenue of $685.70 million during 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%. Teradyne's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne declared that its Board of Directors has approved a stock repurchase program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Teradyne Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TER. KeyCorp restated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Morgan Stanley lifted their price objective on shares of Teradyne from $68.00 to $74.00 and gave the company an "underweight" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. downgraded shares of Teradyne from an "overweight" rating to a "neutral" rating and lifted their price objective for the stock from $88.00 to $102.00 in a research report on Thursday. Susquehanna decreased their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. Finally, Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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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