Teradyne, Inc. (NASDAQ:TER) Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC grew its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 86.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,084 shares of the company's stock after purchasing an additional 3,275 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Teradyne were worth $585,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Teradyne by 54.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,428,012 shares of the company's stock valued at $117,954,000 after purchasing an additional 504,944 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Teradyne by 0.6% during the 1st quarter. Handelsbanken Fonder AB now owns 72,539 shares of the company's stock valued at $5,992,000 after purchasing an additional 407 shares in the last quarter. Avanza Fonder AB increased its stake in Teradyne by 4.2% during the 1st quarter. Avanza Fonder AB now owns 31,286 shares of the company's stock valued at $2,616,000 after purchasing an additional 1,259 shares in the last quarter. GAMMA Investing LLC increased its stake in Teradyne by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 4,021 shares of the company's stock valued at $332,000 after purchasing an additional 576 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Teradyne by 13.7% in the first quarter. Harbor Capital Advisors Inc. now owns 3,977 shares of the company's stock worth $329,000 after buying an additional 478 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TER has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Bank of America cut their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. KeyCorp restated a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Susquehanna dropped their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. Finally, Vertical Research began coverage on shares of Teradyne in a research report on Friday, March 7th. They set a "buy" rating and a $135.00 price target for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.67.

Teradyne Stock Performance

Shares of TER traded down $1.25 during trading hours on Tuesday, hitting $86.43. The stock had a trading volume of 2,991,071 shares, compared to its average volume of 2,646,161. The firm has a 50-day moving average price of $78.63 and a 200 day moving average price of $100.62. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 3.83 and a beta of 1.69.

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

Teradyne declared that its Board of Directors has initiated a share repurchase plan on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. Teradyne's dividend payout ratio is currently 13.56%.

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.