Robeco Schweiz AG Has $21.91 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

Robeco Schweiz AG decreased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 18.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 265,269 shares of the company's stock after selling 61,250 shares during the period. Robeco Schweiz AG owned about 0.16% of Teradyne worth $21,911,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Susquehanna dropped their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. The Goldman Sachs Group started coverage on shares of Teradyne in a research report on Thursday. They issued a "sell" rating and a $80.00 price objective for the company. Morgan Stanley increased their target price on shares of Teradyne from $68.00 to $74.00 and gave the company an "underweight" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Three equities 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 currently has an average rating of "Moderate Buy" and a consensus target price of $112.50.

Teradyne Stock Performance

Teradyne stock traded down $1.57 during trading on Friday, reaching $97.05. The company had a trading volume of 3,744,243 shares, compared to its average volume of 2,771,353. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The stock's 50 day moving average price is $84.97 and its two-hundred day moving average price is $96.87. The firm has a market capitalization of $15.57 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 4.30 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results 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 company had revenue of $685.70 million for the quarter, compared to analysts' expectations of $680.54 million. During the same period in the prior year, the company earned $0.51 earnings per share. The firm's revenue was up 14.3% compared to the same quarter last year. As a group, research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

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

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.