Nisa Investment Advisors LLC Reduces Stake in Teradyne, Inc. (NASDAQ:TER)

Nisa Investment Advisors LLC lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 67.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,383 shares of the company's stock after selling 13,384 shares during the quarter. Nisa Investment Advisors LLC's holdings in Teradyne were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Natixis Advisors LLC increased its holdings in Teradyne by 0.8% during the 4th quarter. Natixis Advisors LLC now owns 77,314 shares of the company's stock worth $9,735,000 after purchasing an additional 581 shares during the period. Cibc World Markets Corp increased its stake in shares of Teradyne by 321.8% during the fourth quarter. Cibc World Markets Corp now owns 91,614 shares of the company's stock worth $11,536,000 after buying an additional 69,894 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Teradyne in the fourth quarter valued at approximately $47,207,000. Harvest Fund Management Co. Ltd purchased a new position in Teradyne in the fourth quarter worth approximately $4,152,000. Finally, Generali Investments Management Co LLC acquired a new position in Teradyne during the 4th quarter worth approximately $475,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

TER traded down $1.05 during trading on Wednesday, hitting $91.98. The stock had a trading volume of 3,864,229 shares, compared to its average volume of 2,788,613. The firm has a market capitalization of $14.76 billion, a P/E ratio of 25.98, a PEG ratio of 4.15 and a beta of 1.70. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The company's 50-day moving average price is $85.75 and its 200 day moving average price is $96.15.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly 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 business had revenue of $685.70 million for 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 revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, equities analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

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

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were paid 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 0.52%. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

Analyst Ratings Changes

A number of equities analysts recently commented on TER shares. Morgan Stanley boosted their target price on shares of Teradyne from $68.00 to $74.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. Cantor Fitzgerald set a $105.00 target price on Teradyne and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. JPMorgan Chase & Co. lowered their price target on Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Susquehanna dropped their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Finally, KeyCorp restated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Teradyne has a consensus rating of "Moderate Buy" and a consensus target price of $112.50.

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.