Teradyne, Inc. (NASDAQ:TER) Stock Holdings Reduced by GTS Securities LLC

GTS Securities LLC cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,030 shares of the company's stock after selling 4,079 shares during the period. GTS Securities LLC's holdings in Teradyne were worth $2,774,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new position in shares of Teradyne during the fourth quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in Teradyne in the fourth quarter worth approximately $34,000. AllSquare Wealth Management LLC boosted its stake in Teradyne by 200.0% during the 4th 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. Manchester Capital Management LLC increased its position in shares of Teradyne by 264.0% during the 4th 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 period. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Teradyne in the 4th quarter worth $45,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Down 1.1%

Shares of Teradyne stock traded down $0.90 during midday trading on Wednesday, hitting $80.84. The company's stock had a trading volume of 844,956 shares, compared to its average volume of 2,587,024. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The firm has a market capitalization of $12.97 billion, a P/E ratio of 24.24, a PEG ratio of 2.83 and a beta of 1.70. The stock has a 50-day simple moving average of $77.80 and a 200-day simple moving average of $102.94.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. The firm had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The business's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. As a group, sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its Board of Directors has initiated a share repurchase plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 annualized dividend and a yield of 0.59%. Teradyne's dividend payout ratio is presently 13.56%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TER. Vertical Research started coverage on Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 target price on the stock. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Cantor Fitzgerald reduced their target price on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Morgan Stanley decreased their price target on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird dropped their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $117.56.

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.