Nuveen Asset Management LLC Sells 1,323,921 Shares of Teradyne, Inc. (NASDAQ:TER)

Nuveen Asset Management LLC lowered its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 73.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 481,343 shares of the company's stock after selling 1,323,921 shares during the quarter. Nuveen Asset Management LLC owned 0.30% of Teradyne worth $60,611,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Compass Financial Services Inc bought a new position in Teradyne during the fourth quarter valued at $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in Teradyne in the 4th quarter valued at $34,000. AllSquare Wealth Management LLC lifted its holdings in Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after purchasing an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Teradyne in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley reduced their price target on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Bank of America reduced their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. KeyCorp restated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. UBS Group set a $130.00 price objective on Teradyne and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Finally, Vertical Research initiated coverage on Teradyne in a research note on Friday, March 7th. They issued a "buy" rating and a $135.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.56.

Teradyne Stock Down 1.9%

TER stock traded down $1.51 during trading on Friday, reaching $76.98. 1,813,187 shares of the company's stock were exchanged, compared to its average volume of 2,589,427. The firm has a market cap of $12.35 billion, a PE ratio of 23.12, a P/E/G ratio of 2.83 and a beta of 1.70. The company's fifty day moving average price is $78.16 and its 200-day moving average price is $103.38. 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 announced its earnings results on Monday, April 28th. The company reported $0.75 EPS 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 the consensus estimate of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Teradyne's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. As a group, sell-side analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a stock repurchase plan on Monday, April 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Teradyne Dividend Announcement

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

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.