Teradyne, Inc. (NASDAQ:TER) Shares Bought by XXEC Inc.

XXEC Inc. raised its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 64.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 119,106 shares of the company's stock after acquiring an additional 46,863 shares during the period. Teradyne makes up approximately 8.5% of XXEC Inc.'s holdings, making the stock its 4th biggest position. XXEC Inc. owned approximately 0.07% of Teradyne worth $9,838,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp raised its holdings in Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the period. Proficio Capital Partners LLC bought a new stake in Teradyne in the fourth quarter worth $12,118,000. Empowered Funds LLC increased its position in Teradyne by 16.2% in the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock worth $3,811,000 after purchasing an additional 4,212 shares during the last quarter. Boston Trust Walden Corp increased its position in Teradyne by 3.3% in the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock worth $51,398,000 after purchasing an additional 13,020 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its holdings in shares of Teradyne by 2.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 7,800 shares of the company's stock worth $982,000 after buying an additional 200 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TER. UBS Group set a $130.00 price target on shares of Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Cantor Fitzgerald cut their price objective on Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Two 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 company's stock. According to MarketBeat, Teradyne presently has an average rating of "Moderate Buy" and an average price target of $114.67.

Teradyne Price Performance

Shares of TER stock traded up $0.71 during trading on Thursday, reaching $82.77. The company's stock had a trading volume of 1,103,045 shares, compared to its average volume of 3,206,385. The stock's 50-day moving average price is $76.94 and its 200 day moving average price is $101.88. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 2.83 and a beta of 1.69. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year 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 19.08% and a net margin of 19.23%. 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 EPS for the current fiscal year.

Teradyne declared that its board has authorized a share buyback program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is 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.