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

Wealth Enhancement Advisory Services LLC increased its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 306.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 37,661 shares of the company's stock after acquiring an additional 28,406 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Teradyne were worth $3,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new position in shares of Teradyne during the 4th quarter worth $12,118,000. Park Avenue Securities LLC boosted its stake in Teradyne by 56.0% during the first quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock worth $252,000 after buying an additional 1,093 shares during the period. Inspire Advisors LLC increased its position in shares of Teradyne by 341.7% during the fourth quarter. Inspire Advisors LLC now owns 24,664 shares of the company's stock valued at $3,106,000 after acquiring an additional 19,080 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Teradyne by 87.5% in the 4th quarter. California Public Employees Retirement System now owns 498,614 shares of the company's stock valued at $62,785,000 after acquiring an additional 232,730 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Teradyne by 38.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,275 shares of the company's stock worth $412,000 after acquiring an additional 904 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Price Performance

Shares of TER traded down $0.43 during midday trading on Monday, reaching $89.92. The stock had a trading volume of 1,932,468 shares, compared to its average volume of 2,696,077. The company has a market cap of $14.42 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 3.95 and a beta of 1.69. The company's fifty day simple moving average is $81.20 and its two-hundred day simple moving average is $98.79. 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 posted 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 firm had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. Teradyne's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its Board of Directors has authorized a stock repurchase program on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 8.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were paid a $0.12 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.53%. Teradyne's dividend payout ratio is currently 13.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TER. UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Vertical Research began coverage on Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 target price on the stock. Bank of America dropped their target price on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. Finally, Susquehanna reduced 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.33.

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.