Teradyne, Inc. (NASDAQ:TER) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,273,642 shares of the company's stock after acquiring an additional 208,290 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.78% of Teradyne worth $160,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TER. Compass Financial Services Inc purchased a new stake in shares of Teradyne in the fourth quarter valued at about $33,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $34,000. AllSquare Wealth Management LLC lifted its stake in shares of Teradyne by 200.0% during the fourth 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 period. Manchester Capital Management LLC lifted its stake in shares of Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after buying an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Teradyne during the fourth quarter worth approximately $45,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TER shares. Bank of America dropped their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Cantor Fitzgerald reduced their price target on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Citigroup reduced their price target on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Finally, Robert W. Baird cut their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $117.56.

Teradyne Price Performance

Shares of Teradyne stock opened at $78.49 on Friday. The business has a fifty day simple moving average of $78.40 and a two-hundred day simple moving average of $103.62. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.14. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The business had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same quarter last year, the firm posted $0.51 EPS. The company's quarterly revenue was up 14.3% on a year-over-year basis. As a group, equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

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

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio 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.

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