Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Wellington Management Group LLP

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

A number of other institutional investors and hedge funds have also made changes to their positions in TER. Siemens Fonds Invest GmbH grew its stake in Teradyne by 158.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 4,463 shares of the company's stock valued at $562,000 after acquiring an additional 2,735 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Teradyne during the fourth quarter valued at $9,921,000. Jefferies Financial Group Inc. acquired a new stake in shares of Teradyne in the fourth quarter valued at about $1,787,000. Polar Asset Management Partners Inc. increased its stake in shares of Teradyne by 63.2% during the fourth quarter. Polar Asset Management Partners Inc. now owns 169,900 shares of the company's stock worth $21,394,000 after purchasing an additional 65,800 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Teradyne by 82.2% during the fourth quarter. Mackenzie Financial Corp now owns 28,691 shares of the company's stock worth $3,613,000 after purchasing an additional 12,946 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TER shares. Stifel Nicolaus lowered their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. UBS Group set a $130.00 price target on Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Morgan Stanley dropped their price target on Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Bank of America reduced their price objective 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, Vertical Research initiated coverage on shares of Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Teradyne has an average rating of "Moderate Buy" and a consensus target price of $114.67.

Teradyne Trading Up 1.8%

TER stock traded up $1.57 during trading on Monday, reaching $86.80. 3,660,222 shares of the stock were exchanged, compared to its average volume of 2,617,269. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 2.83 and a beta of 1.69. The business has a 50 day moving average price of $76.98 and a 200-day moving average price of $101.56. 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 released its quarterly 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 net margin of 19.23% and a return on equity of 19.08%. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. On average, research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne declared that its Board of Directors has authorized a stock buyback program on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio is presently 13.56%.

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.