Mn Services Vermogensbeheer B.V. Reduces Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Mn Services Vermogensbeheer B.V. cut its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,300 shares of the company's stock after selling 4,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Teradyne were worth $4,568,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in Teradyne during the 4th quarter worth approximately $12,118,000. Park Avenue Securities LLC grew its holdings in Teradyne by 56.0% during the 1st quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock worth $252,000 after acquiring an additional 1,093 shares during the period. New Mexico Educational Retirement Board grew its holdings in 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 during the period. Inspire Advisors LLC raised its position in shares of Teradyne by 341.7% in the 4th quarter. Inspire Advisors LLC now owns 24,664 shares of the company's stock worth $3,106,000 after acquiring an additional 19,080 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Teradyne by 87.5% in the 4th quarter. California Public Employees Retirement System now owns 498,614 shares of the company's stock valued at $62,785,000 after purchasing an additional 232,730 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TER has been the subject of a number of research reports. Stifel Nicolaus reduced their price target 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. Susquehanna cut their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. KeyCorp restated a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Cantor Fitzgerald dropped their price target on Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Finally, TD Cowen cut their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $114.67.

Teradyne Stock Down 0.2%

Shares of NASDAQ TER traded down $0.17 during trading on Thursday, reaching $86.26. The company had a trading volume of 3,290,965 shares, compared to its average volume of 2,648,530. The stock has a market cap of $13.84 billion, a PE ratio of 24.37, a P/E/G ratio of 3.78 and a beta of 1.69. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The business's 50-day moving average is $78.91 and its 200 day moving average is $100.42.

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

Teradyne Dividend Announcement

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

Teradyne declared that its Board of Directors has authorized a stock repurchase program on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

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.