Wealth Enhancement Advisory Services LLC Grows Stake in Teradyne, Inc. (NASDAQ:TER)

Wealth Enhancement Advisory Services LLC boosted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 306.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,661 shares of the company's stock after purchasing an additional 28,406 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Teradyne were worth $3,111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TER. Azzad Asset Management Inc. ADV acquired a new stake in shares of Teradyne in the 1st quarter valued at about $1,797,000. Marshall Financial Group LLC boosted its holdings in Teradyne by 6.4% in the first quarter. Marshall Financial Group LLC now owns 10,413 shares of the company's stock worth $860,000 after acquiring an additional 628 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Teradyne by 86.0% in the first quarter. NorthCrest Asset Manangement LLC now owns 7,084 shares of the company's stock valued at $585,000 after acquiring an additional 3,275 shares during the period. Assenagon Asset Management S.A. grew its stake in Teradyne by 54.7% in the first quarter. Assenagon Asset Management S.A. now owns 1,428,012 shares of the company's stock valued at $117,954,000 after acquiring an additional 504,944 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in shares of Teradyne by 0.6% during the first quarter. Handelsbanken Fonder AB now owns 72,539 shares of the company's stock valued at $5,992,000 after acquiring an additional 407 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Up 2.2%

TER traded up $2.00 during trading on Tuesday, hitting $91.92. 3,730,414 shares of the company traded hands, compared to its average volume of 2,706,586. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The stock's fifty day moving average is $82.01 and its 200 day moving average is $98.51. The firm has a market cap of $14.75 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 3.93 and a beta of 1.70.

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

Teradyne Announces Dividend

The company also recently declared 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 was Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. Teradyne's payout ratio is 13.56%.

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

Analyst Upgrades and Downgrades

TER has been the subject of a number of recent research reports. Bank of America decreased their price target on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. Susquehanna dropped their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. Vertical Research assumed coverage on Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 price target for the company. Finally, Citigroup lowered their price objective on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $114.33.

Teradyne Company 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.