Wellington Management Group LLP Grows Stock Position in Teradyne, Inc. (NASDAQ:TER)

Wellington Management Group LLP increased its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 36.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,554 shares of the company's stock after buying an additional 3,870 shares during the quarter. Wellington Management Group LLP's holdings in Teradyne were worth $1,833,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TER. Compass Financial Services Inc acquired a new stake in Teradyne in the 4th quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in Teradyne in the 4th quarter valued at approximately $34,000. AllSquare Wealth Management LLC increased 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 during the last quarter. Manchester Capital Management LLC increased 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 during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Teradyne in the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

TER has been the subject of several research reports. Vertical Research initiated coverage on shares of Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 target price for the company. JPMorgan Chase & Co. cut their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley reduced their price objective on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Bank of America lowered their target price on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Finally, TD Cowen cut their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $114.67.

Teradyne Trading Down 0.4%

Shares of TER stock opened at $81.75 on Friday. The firm has a fifty day moving average price of $76.92 and a 200 day moving average price of $101.72. The company has a market cap of $13.11 billion, a P/E ratio of 24.55, a PEG ratio of 2.83 and a beta of 1.69. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its 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 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 19.23% and a return on equity of 19.08%. The company's revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, equities analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

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

Teradyne Announces Dividend

The business also recently declared 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 of this dividend is Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

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.

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