Lmcg Investments LLC Cuts Position in Teradyne, Inc. (NASDAQ:TER)

Lmcg Investments LLC decreased its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,526 shares of the company's stock after selling 5,183 shares during the period. Lmcg Investments LLC owned approximately 0.05% of Teradyne worth $6,982,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Teradyne in the 4th quarter valued at approximately $270,989,000. Van ECK Associates Corp lifted its position in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Teradyne during the 4th quarter valued at $160,087,000. Ameriprise Financial Inc. lifted its position 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 valued at $608,025,000 after acquiring an additional 1,065,474 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Teradyne by 142.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock valued at $191,718,000 after purchasing an additional 894,849 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Up 4.3%

Shares of NASDAQ TER traded up $3.49 during mid-day trading on Friday, reaching $85.23. 3,114,895 shares of the company were exchanged, compared to its average volume of 2,613,050. The stock has a market capitalization of $13.67 billion, a PE ratio of 25.59, a PEG ratio of 2.83 and a beta of 1.69. The company's 50 day moving average price is $76.98 and its 200 day moving average price is $101.56. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly 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 business had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, sell-side analysts predict 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 repurchase plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Teradyne Announces Dividend

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

Analysts Set New Price Targets

TER has been the topic of several analyst reports. Vertical Research began coverage on shares of Teradyne in a research report on Friday, March 7th. They set a "buy" rating and a $135.00 target price on the stock. Susquehanna dropped their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. Citigroup reduced 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. Cantor Fitzgerald lowered their price target on shares of Teradyne from $150.00 to $110.00 and set an "overweight" 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 stock a "buy" rating in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of "Moderate Buy" and an average target price 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.