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

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

A number of other institutional investors also recently added to or reduced their stakes in TER. Van ECK Associates Corp boosted its stake 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 worth $620,552,000 after acquiring an additional 1,846,079 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Teradyne during the 4th quarter worth approximately $12,118,000. Empowered Funds LLC boosted its stake in shares of Teradyne by 16.2% during the 4th quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock worth $3,811,000 after acquiring an additional 4,212 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of Teradyne by 3.3% during the 4th quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock worth $51,398,000 after acquiring an additional 13,020 shares in the last quarter. Finally, New Mexico Educational Retirement Board boosted its stake in shares of Teradyne by 2.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 7,800 shares of the company's stock worth $982,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TER shares. TD Cowen decreased their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Citigroup decreased their price target on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Stifel Nicolaus cut their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research report on Wednesday, March 12th. Finally, Northland Securities cut their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Teradyne presently has an average rating of "Moderate Buy" and an average price target of $117.56.

Teradyne Stock Performance

Shares of TER opened at $81.47 on Tuesday. The stock has a fifty day moving average of $78.86 and a two-hundred day moving average of $104.12. The company has a market capitalization of $13.07 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, beating 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 return on equity of 19.08% and a net margin of 19.23%. Teradyne's revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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 issued a dividend of $0.12 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. Teradyne's payout ratio is 13.56%.

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

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.

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