Teradyne, Inc. (NASDAQ:TER) Stake Trimmed by GTS Securities LLC

GTS Securities LLC cut its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in Teradyne in the 4th quarter valued at $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne in the 4th quarter valued at $34,000. AllSquare Wealth Management LLC increased its stake in Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after buying an additional 200 shares during the period. Manchester Capital Management LLC increased its stake in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after buying an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Teradyne in the 4th quarter valued at $45,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

NASDAQ TER traded down $1.51 during mid-day trading on Friday, hitting $76.98. The company's stock had a trading volume of 1,813,187 shares, compared to its average volume of 2,589,427. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The stock's fifty day simple moving average is $78.16 and its two-hundred day simple moving average is $103.32. The firm has a market capitalization of $12.35 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

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

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

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is 13.56%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TER shares. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Susquehanna lowered their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. TD Cowen lowered their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Stifel Nicolaus lowered their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Finally, Northland Securities lowered their price target on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned 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 an average target price of $117.56.

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.