Kayne Anderson Rudnick Investment Management LLC Has $388.84 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Kayne Anderson Rudnick Investment Management LLC cut its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 34.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,088,009 shares of the company's stock after selling 1,619,556 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 1.90% of Teradyne worth $388,842,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in Teradyne during the 4th quarter valued at $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in Teradyne in the fourth quarter valued at approximately $34,000. AllSquare Wealth Management LLC raised its stake in shares of Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after buying an additional 200 shares during the period. Manchester Capital Management LLC lifted 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 buying an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Teradyne in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Trading Down 4.3%

TER stock traded down $3.47 during trading on Friday, reaching $77.51. 1,280,726 shares of the stock were exchanged, compared to its average volume of 2,590,265. The business has a 50 day moving average price of $77.45 and a 200-day moving average price of $102.59. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21.

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 for 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 quarter last year, the company earned $0.51 earnings per share. On average, research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

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

Teradyne Announces Dividend

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

Analyst Ratings Changes

TER has been the topic of several analyst reports. 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 report on Thursday, March 13th. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Stifel Nicolaus decreased their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Northland Securities reduced their price target on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Finally, Citigroup lowered their target price on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.67.

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.