Teradyne, Inc. (NASDAQ:TER) Stock Position Boosted by Rhumbline Advisers

Rhumbline Advisers lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 334,949 shares of the company's stock after buying an additional 27,132 shares during the quarter. Rhumbline Advisers owned 0.21% of Teradyne worth $27,667,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Compass Financial Services Inc purchased a new position in Teradyne in the 4th quarter valued at about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Teradyne in the fourth quarter worth about $34,000. AllSquare Wealth Management LLC boosted its holdings in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after purchasing an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Teradyne during the 4th quarter valued at approximately $45,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TER shares. Robert W. Baird reduced their target price on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. TD Cowen cut their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Morgan Stanley decreased their price objective on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Cantor Fitzgerald dropped their target price on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Finally, UBS Group set a $130.00 price target on shares of Teradyne and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $114.67.

Teradyne Trading Up 1.8%

TER traded up $1.57 on Monday, hitting $86.80. 3,660,222 shares of the company's stock were exchanged, compared to its average volume of 2,617,269. The stock has a fifty day moving average of $76.98 and a two-hundred day moving average of $101.56. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The firm has a market cap of $13.92 billion, a PE ratio of 26.07, a P/E/G ratio of 2.83 and a beta of 1.69.

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

Teradyne declared that its Board of Directors has initiated a share buyback program 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 stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, May 22nd. Teradyne's dividend payout ratio is currently 13.56%.

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.