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

Rhumbline Advisers grew its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 334,949 shares of the company's stock after purchasing an additional 27,132 shares during the quarter. Rhumbline Advisers owned 0.21% of Teradyne worth $27,667,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. E. Ohman J or Asset Management AB boosted its stake in shares of Teradyne by 22.7% in the fourth quarter. E. Ohman J or Asset Management AB now owns 8,100 shares of the company's stock valued at $1,020,000 after purchasing an additional 1,500 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Teradyne by 0.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 240,023 shares of the company's stock valued at $30,851,000 after buying an additional 1,028 shares during the last quarter. Caitlin John LLC boosted its position in Teradyne by 1.9% in the 4th quarter. Caitlin John LLC now owns 20,874 shares of the company's stock valued at $2,628,000 after buying an additional 392 shares during the last quarter. Financial Advocates Investment Management grew its stake in shares of Teradyne by 16.7% during the fourth quarter. Financial Advocates Investment Management now owns 4,001 shares of the company's stock valued at $504,000 after acquiring an additional 574 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock worth $355,837,000 after acquiring an additional 393,175 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TER. Stifel Nicolaus reduced 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. Citigroup cut their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Susquehanna decreased their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. Cantor Fitzgerald cut their price target on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Teradyne presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.67.

Teradyne Stock Up 4.3%

Shares of NASDAQ:TER traded up $3.49 on Friday, reaching $85.23. 3,114,895 shares of the company's stock were exchanged, compared to its average volume of 2,607,610. The business's 50-day moving average is $76.98 and its two-hundred day moving average is $101.60. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.83 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, beating analysts' consensus estimates of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. 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 firm earned $0.51 EPS. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts predict 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 program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, May 22nd. Teradyne's payout ratio is 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.