Arrow Financial Corp Has $979,000 Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Arrow Financial Corp lowered its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 29.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,854 shares of the company's stock after selling 4,992 shares during the period. Arrow Financial Corp's holdings in Teradyne were worth $979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. DAVENPORT & Co LLC raised its holdings in shares of Teradyne by 29.8% in the first quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company's stock valued at $421,000 after buying an additional 1,170 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Teradyne by 56.0% during the 1st quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock worth $252,000 after purchasing an additional 1,093 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Teradyne by 6.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 4,328 shares of the company's stock valued at $357,000 after acquiring an additional 261 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Teradyne by 87.5% in the 4th quarter. California Public Employees Retirement System now owns 498,614 shares of the company's stock valued at $62,785,000 after acquiring an additional 232,730 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Teradyne by 5.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 68,612 shares of the company's stock valued at $5,667,000 after acquiring an additional 3,589 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. UBS Group upped their price target on Teradyne from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday. Morgan Stanley upped their price objective on Teradyne from $68.00 to $74.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. The Goldman Sachs Group assumed coverage on Teradyne in a research note on Thursday, July 10th. They set a "sell" rating and a $80.00 price objective on the stock. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $102.00 price objective (up previously from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Teradyne has a consensus rating of "Hold" and a consensus target price of $112.50.

Teradyne Stock Performance

TER traded down $2.05 during trading hours on Thursday, reaching $90.98. The company's stock had a trading volume of 1,117,169 shares, compared to its average volume of 3,272,772. The firm has a market cap of $14.59 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 4.15 and a beta of 1.70. The company's 50-day moving average is $87.32 and its 200-day moving average is $94.96. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $144.16.

Teradyne (NASDAQ:TER - Get Free Report) last posted 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. The firm had revenue of $685.70 million for the quarter, compared to analysts' expectations of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. Equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced 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. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is currently 13.56%.

Teradyne announced that its board has initiated a stock repurchase program on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

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.