Teradyne, Inc. (NASDAQ:TER) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 40.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 136,839 shares of the company's stock after buying an additional 39,190 shares during the period. Penserra Capital Management LLC owned approximately 0.09% of Teradyne worth $11,301,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Teradyne during the fourth quarter valued at $270,989,000. Ameriprise Financial Inc. grew its holdings in shares of Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock valued at $608,025,000 after buying an additional 1,065,474 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Teradyne by 142.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock worth $191,718,000 after acquiring an additional 894,849 shares during the period. Aspex Management HK Ltd lifted its stake in shares of Teradyne by 35.5% during the 4th quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock valued at $407,331,000 after buying an additional 847,409 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in Teradyne by 38.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,873,936 shares of the company's stock worth $235,966,000 after acquiring an additional 523,296 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Up 3.4%

NASDAQ TER traded up $3.05 during trading on Tuesday, hitting $93.64. The stock had a trading volume of 668,369 shares, compared to its average volume of 2,725,983. The company has a market capitalization of $15.02 billion, a PE ratio of 26.43, a PEG ratio of 4.07 and a beta of 1.70. The firm has a 50 day moving average price of $83.33 and a 200 day moving average price of $97.37. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.75 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 the consensus estimate of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The business's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

Teradyne declared that its Board of Directors has authorized a share buyback program 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 shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Stifel Nicolaus dropped their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Robert W. Baird cut their target price on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Finally, Morgan Stanley lowered their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. 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 given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.33.

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.