Robeco Institutional Asset Management B.V. Cuts Stock Position in Teradyne, Inc. (NASDAQ:TER)

Robeco Institutional Asset Management B.V. trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 26.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,198 shares of the company's stock after selling 24,721 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Teradyne were worth $5,716,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Teradyne by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock worth $2,569,511,000 after purchasing an additional 92,428 shares during the period. Ameriprise Financial Inc. increased its position in shares of Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after acquiring an additional 1,065,474 shares during the period. Geode Capital Management LLC raised its stake in shares of Teradyne by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock valued at $515,665,000 after acquiring an additional 94,374 shares in the last quarter. Aspex Management HK Ltd raised its stake in shares of Teradyne by 35.5% during the fourth quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock valued at $407,331,000 after acquiring an additional 847,409 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Teradyne by 4.0% in the fourth quarter. Invesco Ltd. now owns 2,403,193 shares of the company's stock valued at $302,610,000 after purchasing an additional 92,195 shares during the period. Hedge funds and other institutional investors own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TER. Susquehanna reduced their price objective on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley cut their price target on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Robert W. Baird cut 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. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Finally, Citigroup dropped their price target on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Teradyne presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.33.

Teradyne Price Performance

TER traded up $2.00 on Tuesday, reaching $91.92. 3,730,414 shares of the company's stock were exchanged, compared to its average volume of 3,277,955. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The stock has a market cap of $14.75 billion, a PE ratio of 25.97, a P/E/G ratio of 3.95 and a beta of 1.69. The stock's fifty day moving average price is $81.60 and its 200-day moving average price is $98.56.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.14. The business had revenue of $685.70 million during the quarter, compared to analysts' expectations of $680.54 million. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The business's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS. As a group, research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were issued a $0.12 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.52%. Teradyne's dividend payout ratio (DPR) is currently 13.56%.

Teradyne announced that its board has authorized a stock buyback plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are 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.