Allspring Global Investments Holdings LLC Raises Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Allspring Global Investments Holdings LLC raised its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,466,122 shares of the company's stock after buying an additional 75,226 shares during the period. Allspring Global Investments Holdings LLC owned about 1.53% of Teradyne worth $203,726,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TER. Strategic Investment Solutions Inc. IL acquired a new stake in Teradyne during the 4th quarter valued at approximately $34,000. AllSquare Wealth Management LLC increased its position in shares of Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after buying an additional 200 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in Teradyne during the fourth quarter valued at $45,000. Sentry Investment Management LLC bought a new stake in Teradyne during the first quarter valued at $45,000. Finally, Atala Financial Inc acquired a new stake in Teradyne during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Performance

Shares of Teradyne stock traded up $2.00 on Tuesday, hitting $91.92. The company had a trading volume of 3,026,297 shares, compared to its average volume of 3,272,158. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The stock has a 50 day moving average of $81.60 and a 200-day moving average of $98.56. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 3.95 and a beta of 1.69.

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, topping the consensus estimate of $0.61 by $0.14. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The business had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. Teradyne's revenue was up 14.3% compared to the same quarter last year. Equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its Board of Directors has initiated a share buyback program on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were issued a $0.12 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. Teradyne's dividend payout ratio is currently 13.56%.

Wall Street Analyst Weigh In

TER has been the topic of a number of recent analyst reports. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Stifel Nicolaus dropped their price target on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Susquehanna lowered their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Finally, Vertical Research started coverage on shares of Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Teradyne presently has an average rating of "Moderate Buy" and an average price target of $114.33.

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.