Vontobel Holding Ltd. Sells 7,006 Shares of Teradyne, Inc. (NASDAQ:TER)

Vontobel Holding Ltd. lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 25.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,707 shares of the company's stock after selling 7,006 shares during the period. Vontobel Holding Ltd.'s holdings in Teradyne were worth $1,710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new position in Teradyne in the fourth quarter valued at approximately $270,989,000. Raymond James Financial Inc. bought a new stake in Teradyne in the 4th quarter valued at $160,087,000. Ameriprise Financial Inc. boosted its stake in Teradyne by 28.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after purchasing an additional 1,065,474 shares during the period. Balyasny Asset Management L.P. increased its holdings in Teradyne by 142.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock worth $191,718,000 after purchasing an additional 894,849 shares in the last quarter. Finally, Aspex Management HK Ltd raised its stake in shares of Teradyne by 35.5% in the 4th quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock valued at $407,331,000 after purchasing an additional 847,409 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

TER stock traded down $1.31 during midday trading on Friday, reaching $92.87. 2,188,783 shares of the company were exchanged, compared to its average volume of 2,724,744. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 4.07 and a beta of 1.70. The business has a 50-day moving average price of $83.06 and a two-hundred day moving average price of $97.99.

Teradyne (NASDAQ:TER - Get Free Report) last posted 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 net margin of 19.86% and a return on equity of 20.06%. The company had revenue of $685.70 million during the quarter, compared to analysts' expectations of $680.54 million. During the same quarter last year, the company posted $0.51 EPS. Teradyne's quarterly revenue was up 14.3% compared to the same quarter last year. As a group, analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

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 dividend of $0.12 per share. 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 dividend payout ratio (DPR) is currently 13.56%.

Teradyne declared that its Board of Directors has approved a share repurchase plan on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on TER shares. JPMorgan Chase & Co. reduced 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. Citigroup reduced their price target on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Morgan Stanley reduced their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Finally, TD Cowen lowered their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Two 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.