SG Americas Securities LLC Sells 6,869 Shares of Teradyne, Inc. (NASDAQ:TER)

SG Americas Securities LLC lowered its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,970 shares of the company's stock after selling 6,869 shares during the period. SG Americas Securities LLC owned about 0.07% of Teradyne worth $9,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Teradyne during the fourth quarter worth $270,989,000. Van ECK Associates Corp lifted its position in shares of Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Teradyne in the fourth quarter valued at $160,087,000. Ameriprise Financial Inc. raised its holdings in Teradyne by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock valued at $608,025,000 after acquiring an additional 1,065,474 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Teradyne by 142.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock valued at $191,718,000 after acquiring an additional 894,849 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Performance

NASDAQ TER traded down $2.83 during trading hours on Friday, reaching $83.08. 2,736,591 shares of the company's stock were exchanged, compared to its average volume of 2,639,279. The company's 50-day moving average is $78.24 and its two-hundred day moving average is $100.83. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 2.83 and a beta of 1.69.

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

Teradyne announced that its board has authorized a share buyback program on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.58%. The ex-dividend date was Thursday, May 22nd. Teradyne's dividend payout ratio is 13.56%.

Analyst Ratings Changes

Several research firms have weighed in on TER. Susquehanna lowered their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Stifel Nicolaus lowered their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Vertical Research started coverage on shares of Teradyne in a research report on Friday, March 7th. They set a "buy" rating and a $135.00 price target for the company. Finally, KeyCorp restated a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average target price of $114.67.

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.