Stephens Investment Management Group LLC Grows Position in Teradyne, Inc. (NASDAQ:TER)

Stephens Investment Management Group LLC lifted its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 14.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 139,507 shares of the company's stock after purchasing an additional 17,087 shares during the period. Stephens Investment Management Group LLC owned about 0.09% of Teradyne worth $11,523,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TER. Steward Partners Investment Advisory LLC raised its position in shares of Teradyne by 29.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,492 shares of the company's stock valued at $188,000 after buying an additional 342 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Teradyne during the fourth quarter valued at approximately $12,118,000. AGF Management Ltd. raised its position in shares of Teradyne by 102.8% during the fourth quarter. AGF Management Ltd. now owns 3,236 shares of the company's stock valued at $407,000 after buying an additional 1,640 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Teradyne by 122.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,816 shares of the company's stock valued at $4,636,000 after buying an additional 20,232 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Teradyne by 98.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 59,623 shares of the company's stock valued at $7,552,000 after buying an additional 29,587 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TER. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Cantor Fitzgerald set a $105.00 price target on shares of Teradyne and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. Morgan Stanley boosted their price target on shares of Teradyne from $68.00 to $74.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. The Goldman Sachs Group assumed coverage on shares of Teradyne in a research report on Thursday, July 10th. They issued a "sell" rating and a $80.00 price target on the stock. Finally, Susquehanna reduced their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $112.50.

Teradyne Stock Performance

NASDAQ TER traded down $0.41 on Tuesday, hitting $94.81. 1,000,812 shares of the stock were exchanged, compared to its average volume of 3,283,906. The stock has a fifty day moving average price of $85.37 and a two-hundred day moving average price of $96.17. The firm has a market capitalization of $15.21 billion, a P/E ratio of 26.76, a P/E/G ratio of 4.23 and a beta of 1.70. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week 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, beating analysts' consensus estimates of $0.61 by $0.14. The firm had revenue of $685.70 million during 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. Sell-side analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Thursday, May 22nd. Teradyne's dividend payout ratio is currently 13.56%.

Teradyne announced that its Board of Directors has initiated a share buyback plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management 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.