USS Investment Management Ltd Cuts Holdings in Teradyne, Inc. (NASDAQ:TER)

USS Investment Management Ltd reduced its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 21.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,359 shares of the company's stock after selling 9,113 shares during the quarter. USS Investment Management Ltd's holdings in Teradyne were worth $4,202,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TER. Roberts Glore & Co. Inc. IL grew its stake in shares of Teradyne by 2.2% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock worth $517,000 after purchasing an additional 90 shares during the period. Covestor Ltd grew its stake in shares of Teradyne by 12.3% during the 4th quarter. Covestor Ltd now owns 901 shares of the company's stock worth $113,000 after purchasing an additional 99 shares during the period. Snowden Capital Advisors LLC grew its stake in shares of Teradyne by 2.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company's stock worth $472,000 after purchasing an additional 103 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Teradyne by 4.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company's stock worth $429,000 after purchasing an additional 119 shares during the period. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Teradyne by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock worth $283,000 after purchasing an additional 124 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of NASDAQ TER opened at $78.49 on Friday. The company has a market cap of $12.59 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The company has a 50-day simple moving average of $78.40 and a 200-day simple moving average of $103.62.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 19.23% and a return on equity of 19.08%. The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its board has initiated a stock buyback program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be given a $0.12 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.61%. Teradyne's dividend payout ratio is presently 13.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TER. JPMorgan Chase & Co. lowered their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. UBS Group set a $130.00 target price on shares of Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. Susquehanna dropped their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. Northland Securities dropped their target price on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Finally, Bank of America dropped their target price on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $117.56.

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.

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