Winslow Asset Management Inc. Decreases Stock Position in Teradyne, Inc. (NASDAQ:TER)

Winslow Asset Management Inc. lessened its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,426 shares of the company's stock after selling 3,525 shares during the quarter. Teradyne comprises approximately 2.6% of Winslow Asset Management Inc.'s holdings, making the stock its 10th largest position. Winslow Asset Management Inc. owned about 0.09% of Teradyne worth $11,847,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TER. Berbice Capital Management LLC boosted its stake in shares of Teradyne by 200.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Teradyne during the 4th quarter worth about $34,000. AllSquare Wealth Management LLC lifted its position 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 purchasing an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Teradyne during the 4th quarter worth about $45,000. Finally, Sentry Investment Management LLC acquired a new position in shares of Teradyne during the 1st quarter worth about $45,000. Institutional investors own 99.77% of the company's stock.

Teradyne Stock Down 1.1%

Teradyne stock traded down $1.05 during trading hours on Wednesday, hitting $91.98. The stock had a trading volume of 3,864,229 shares, compared to its average volume of 2,793,884. The company has a 50-day moving average of $86.08 and a two-hundred day moving average of $96.12. The company has a market cap of $14.76 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 4.06 and a beta of 1.70. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $159.68.

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

Teradyne declared that its Board of Directors has initiated a share buyback program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Teradyne Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. The Goldman Sachs Group assumed coverage on Teradyne in a research report on Thursday, July 10th. They set a "sell" rating and a $80.00 price objective for the company. Cantor Fitzgerald set a $105.00 price objective on Teradyne and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. Morgan Stanley boosted their price objective on Teradyne from $68.00 to $74.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. cut their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Three 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.50.

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.