Penserra Capital Management LLC Acquires 39,190 Shares of Teradyne, Inc. (NASDAQ:TER)

Penserra Capital Management LLC grew its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 40.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,839 shares of the company's stock after purchasing an additional 39,190 shares during the period. Penserra Capital Management LLC owned about 0.09% of Teradyne worth $11,301,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TER. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Teradyne during the fourth quarter worth approximately $34,000. AllSquare Wealth Management LLC grew its stake in Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after buying an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Teradyne in the 4th quarter worth $45,000. Atala Financial Inc bought a new position in shares of Teradyne in the fourth quarter worth about $47,000. Finally, Sentry Investment Management LLC bought a new position in shares of Teradyne in the first quarter worth about $45,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TER. Bank of America decreased their target price on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald set a $105.00 price objective on shares of Teradyne and gave the stock an "overweight" rating in a research note on Tuesday, June 24th. TD Cowen dropped their target price on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Stifel Nicolaus cut their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.33.

Teradyne Stock Down 2.7%

TER traded down $2.47 during midday trading on Monday, reaching $90.59. 3,151,033 shares of the company's stock were exchanged, compared to its average volume of 2,733,626. The business has a 50-day simple moving average of $83.06 and a two-hundred day simple moving average of $97.62. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 4.07 and a beta of 1.70. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. Teradyne's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. As a group, research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has initiated 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 buy up to 8.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 0.53%. Teradyne's dividend payout ratio is presently 13.56%.

Teradyne Company 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.