UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $160.38 Million Stake in Teradyne, Inc. (NASDAQ:TER)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,273,642 shares of the company's stock after buying an additional 208,290 shares during the period. 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.

Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp increased its holdings in Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the period. Proficio Capital Partners LLC acquired a new position in Teradyne in the 4th quarter worth approximately $12,118,000. Empowered Funds LLC grew its position in Teradyne by 16.2% during the 4th 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 period. Boston Trust Walden Corp lifted its stake in shares of 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 buying an additional 13,020 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its holdings in Teradyne by 2.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 7,800 shares of the company's stock valued at $982,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TER. Bank of America cut their target price on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Robert W. Baird reduced their price objective 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. Citigroup reduced their price target on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. TD Cowen dropped their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus lowered their price target on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Two research 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 stock. According to data from MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and an average price target of $117.56.

Teradyne Stock Performance

TER stock traded down $0.96 during midday trading on Wednesday, reaching $80.79. 718,370 shares of the company traded hands, compared to its average volume of 2,586,818. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The business has a 50 day moving average of $77.80 and a 200-day moving average of $102.94. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.14. The business had revenue of $685.70 million for 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 quarter in the prior year, the business posted $0.51 EPS. Research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its Board of Directors has authorized 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 reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Thursday, May 22nd. Teradyne's dividend payout ratio is presently 13.56%.

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.