Teradyne, Inc. (NASDAQ:TER) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC reduced its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 21.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,435 shares of the company's stock after selling 3,155 shares during the quarter. Chesley Taft & Associates LLC's holdings in Teradyne were worth $945,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

TER has been the topic of several analyst reports. Morgan Stanley decreased their price objective on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Vertical Research started coverage on Teradyne in a research note on Friday, March 7th. They issued a "buy" rating and a $135.00 price target on the stock. 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. JPMorgan Chase & Co. cut their price objective on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, TD Cowen cut their price objective 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Teradyne presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.67.

Teradyne Stock Down 0.4%

Shares of TER stock opened at $81.75 on Friday. The firm's 50 day moving average price is $76.92 and its two-hundred day moving average price is $101.72. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 2.83 and a beta of 1.69.

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, beating analysts' consensus estimates of $0.61 by $0.14. The company 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%. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. On average, equities analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a $0.12 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. Teradyne's dividend payout ratio (DPR) is 13.56%.

Teradyne declared that its board 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 repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are 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.

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