Allspring Global Investments Holdings LLC Boosts Position in Teradyne, Inc. (NASDAQ:TER)

Allspring Global Investments Holdings LLC boosted its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,466,122 shares of the company's stock after purchasing an additional 75,226 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.53% of Teradyne worth $203,726,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TER. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Teradyne by 11.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 267,908 shares of the company's stock worth $22,177,000 after buying an additional 27,885 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in Teradyne by 116.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,512 shares of the company's stock valued at $290,000 after acquiring an additional 1,886 shares in the last quarter. Bessemer Group Inc. raised its position in Teradyne by 9.0% during the first quarter. Bessemer Group Inc. now owns 3,722 shares of the company's stock worth $307,000 after acquiring an additional 307 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of Teradyne in the first quarter valued at about $1,549,000. Finally, Chevy Chase Trust Holdings LLC grew its position in shares of Teradyne by 13.1% in the first quarter. Chevy Chase Trust Holdings LLC now owns 145,358 shares of the company's stock valued at $12,007,000 after purchasing an additional 16,830 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Performance

NASDAQ TER traded down $0.70 during trading hours on Friday, hitting $90.35. 5,979,293 shares of the company's stock were exchanged, compared to its average volume of 2,699,145. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The business's 50 day moving average is $81.20 and its 200-day moving average is $98.95. The firm has a market capitalization of $14.49 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 3.95 and a beta of 1.69.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The business had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. During the same period in the prior year, the firm posted $0.51 EPS. The company's revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne declared that its Board of Directors has authorized a share 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 reacquire up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. Teradyne's payout ratio is 13.56%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TER shares. Cantor Fitzgerald set a $105.00 price objective on shares of Teradyne and gave the stock an "overweight" rating in a research note on Tuesday, June 24th. Citigroup reduced their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Susquehanna cut their price target on Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Bank of America dropped their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Teradyne presently has an average rating of "Moderate Buy" and an average target price of $114.33.

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.