Robeco Institutional Asset Management B.V. Sells 24,721 Shares of 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% in the first quarter, according to its most recent Form 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Teradyne during the 4th quarter valued at $12,118,000. Park Avenue Securities LLC increased its holdings in shares of Teradyne by 56.0% during the 1st quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock worth $252,000 after purchasing an additional 1,093 shares during the period. Inspire Advisors LLC raised its position in shares of Teradyne by 341.7% during the fourth quarter. Inspire Advisors LLC now owns 24,664 shares of the company's stock valued at $3,106,000 after buying an additional 19,080 shares during the last quarter. California Public Employees Retirement System raised its holdings in Teradyne by 87.5% in the 4th quarter. California Public Employees Retirement System now owns 498,614 shares of the company's stock valued at $62,785,000 after acquiring an additional 232,730 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in Teradyne by 5.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 68,612 shares of the company's stock valued at $5,667,000 after acquiring an additional 3,589 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

Teradyne stock traded down $1.31 on Friday, reaching $92.87. The company's stock had a trading volume of 2,188,783 shares, compared to its average volume of 2,724,744. The business's fifty day moving average price is $82.74 and its 200 day moving average price is $98.23. The company has a market cap of $14.90 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 4.07 and a beta of 1.70. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21.

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

Teradyne declared that its Board of Directors has initiated a stock repurchase plan on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Teradyne Dividend Announcement

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

Analyst Upgrades and Downgrades

TER has been the subject of a number of recent research reports. UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. TD Cowen dropped their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Susquehanna decreased their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird dropped their price target on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.33.

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.