Allspring Global Investments Holdings LLC Acquires 39,934 Shares of Teradyne, Inc. (NASDAQ:TER)

Allspring Global Investments Holdings LLC raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,113,212 shares of the company's stock after acquiring an additional 39,934 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.38% of Teradyne worth $229,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James & Associates grew its position in shares of Teradyne by 3.8% during the 4th quarter. Raymond James & Associates now owns 448,581 shares of the company's stock valued at $48,680,000 after purchasing an additional 16,595 shares in the last quarter. Value Aligned Research Advisors LLC purchased a new position in shares of Teradyne during the 4th quarter valued at $2,981,000. Bank of New York Mellon Corp grew its position in shares of Teradyne by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,632,831 shares of the company's stock valued at $164,034,000 after purchasing an additional 47,889 shares in the last quarter. UBS Group AG grew its position in shares of Teradyne by 38.1% during the 3rd quarter. UBS Group AG now owns 370,331 shares of the company's stock valued at $37,203,000 after purchasing an additional 102,090 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Teradyne by 13.9% during the 3rd quarter. Van ECK Associates Corp now owns 3,437,479 shares of the company's stock valued at $345,329,000 after purchasing an additional 419,838 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 1,083 shares of the company's stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.95, for a total transaction of $120,158.85. Following the completion of the transaction, the chief financial officer now directly owns 45,107 shares of the company's stock, valued at $5,004,621.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Ernest E. Maddock acquired 1,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the purchase, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,083 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $110.95, for a total transaction of $120,158.85. Following the completion of the transaction, the chief financial officer now directly owns 45,107 shares of the company's stock, valued at $5,004,621.65. The disclosure for this sale can be found here. Insiders sold 11,797 shares of company stock valued at $1,248,237 over the last three months. Insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TER shares. JPMorgan Chase & Co. upgraded shares of Teradyne from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $90.00 to $100.00 in a research report on Thursday, February 15th. Cantor Fitzgerald restated a "neutral" rating and set a $110.00 price target on shares of Teradyne in a research report on Monday, March 4th. Finally, Bank of America reiterated an "underperform" rating and issued a $100.00 target price on shares of Teradyne in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $111.00.

Teradyne Price Performance

Teradyne stock traded up $0.55 during mid-day trading on Monday, hitting $107.82. The company's stock had a trading volume of 1,154,673 shares, compared to its average volume of 1,780,250. The stock has a market cap of $16.49 billion, a price-to-earnings ratio of 39.29 and a beta of 1.56. The business has a 50 day moving average price of $104.21 and a 200-day moving average price of $99.90. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $119.20.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $670.60 million during the quarter, compared to the consensus estimate of $674.99 million. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, equities research analysts expect that Teradyne, Inc. will post 2.95 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from Teradyne's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.45%. Teradyne's payout ratio is currently 17.58%.

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.

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