Massachusetts Financial Services Co. MA Grows Position in Teradyne, Inc. (NASDAQ:TER)

Massachusetts Financial Services Co. MA increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 76.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 159,025 shares of the company's stock after acquiring an additional 68,766 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.10% of Teradyne worth $13,135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. DAVENPORT & Co LLC raised its holdings in shares of Teradyne by 29.8% during the 1st quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company's stock worth $421,000 after acquiring an additional 1,170 shares during the period. Park Avenue Securities LLC grew its position in shares of Teradyne by 56.0% during the first quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock worth $252,000 after buying an additional 1,093 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Teradyne by 6.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 4,328 shares of the company's stock valued at $357,000 after purchasing an additional 261 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Teradyne by 87.5% during the 4th quarter. California Public Employees Retirement System now owns 498,614 shares of the company's stock worth $62,785,000 after buying an additional 232,730 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Teradyne by 5.5% during the first quarter. Asset Management One Co. Ltd. now owns 68,612 shares of the company's stock worth $5,667,000 after purchasing an additional 3,589 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Up 1.2%

TER stock opened at $93.92 on Friday. The company has a market capitalization of $15.07 billion, a P/E ratio of 26.53, a PEG ratio of 4.10 and a beta of 1.70. The company has a 50-day simple moving average of $86.73 and a 200 day simple moving average of $95.45. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $155.18.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. The business had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The business's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share. Equities analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

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

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.51%. Teradyne's dividend payout ratio is currently 13.56%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TER. Cantor Fitzgerald set a $105.00 price target on Teradyne and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Morgan Stanley upped their price objective on Teradyne from $68.00 to $74.00 and gave the company an "underweight" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. cut Teradyne from an "overweight" rating to a "neutral" rating and raised their price objective for the stock from $88.00 to $102.00 in a report on Thursday. The Goldman Sachs Group initiated coverage on Teradyne in a research report on Thursday, July 10th. They set a "sell" rating and a $80.00 price target for the company. Finally, 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 research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $113.13.

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.