Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC grew its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,358 shares of the company's stock after buying an additional 16,830 shares during the period. Chevy Chase Trust Holdings LLC owned 0.09% of Teradyne worth $12,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new position in shares of Teradyne in the fourth quarter valued at $34,000. AllSquare Wealth Management LLC grew its holdings in shares of 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 in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Teradyne in the fourth quarter valued at $45,000. Sentry Investment Management LLC purchased a new position in shares of Teradyne in the first quarter valued at $45,000. Finally, Atala Financial Inc purchased a new position in shares of Teradyne in the fourth quarter valued at $47,000. Institutional investors own 99.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Susquehanna dropped 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. 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. Bank of America dropped their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Finally, TD Cowen dropped their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.33.

Teradyne Stock Down 0.8%

NASDAQ:TER traded down $0.70 during mid-day trading on Friday, reaching $90.35. The company's stock had a trading volume of 5,979,293 shares, compared to its average volume of 2,694,335. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The stock has a fifty day moving average of $80.81 and a 200-day moving average of $99.28. The firm has a market capitalization of $14.49 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 3.94 and a beta of 1.69.

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

Teradyne Announces Dividend

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

Teradyne declared that its Board of Directors has approved 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

About Teradyne

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.