Man Group plc Lowers Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Man Group plc lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 42.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,699 shares of the company's stock after selling 44,318 shares during the period. Man Group plc's holdings in Teradyne were worth $7,643,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Compass Financial Services Inc purchased a new position in Teradyne in the 4th quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL purchased a new position in Teradyne in the 4th quarter worth approximately $34,000. AllSquare Wealth Management LLC raised its holdings 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 acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC raised its holdings in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after acquiring an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Teradyne in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TER. Susquehanna dropped their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus reduced their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Northland Securities cut their price objective on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Finally, Vertical Research assumed coverage on shares of Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $117.56.

Teradyne Stock Down 1.9%

Shares of NASDAQ TER traded down $1.51 during midday trading on Friday, hitting $76.98. The company had a trading volume of 1,813,187 shares, compared to its average volume of 2,589,427. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The business has a 50-day simple moving average of $78.16 and a two-hundred day simple moving average of $103.32. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. The company had revenue of $685.70 million during the quarter, compared to analysts' expectations of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, equities analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne declared that its board has approved a share buyback plan on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.62%. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

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.