Needham Investment Management LLC Grows Holdings in Teradyne, Inc. (NASDAQ:TER)

Needham Investment Management LLC raised its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,500 shares of the company's stock after purchasing an additional 4,000 shares during the period. Needham Investment Management LLC's holdings in Teradyne were worth $5,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Teradyne by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock worth $2,569,511,000 after purchasing an additional 92,428 shares during the period. Van ECK Associates Corp raised its position in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock valued at $608,025,000 after acquiring an additional 1,065,474 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Teradyne by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock valued at $515,665,000 after acquiring an additional 94,374 shares in the last quarter. Finally, Aspex Management HK Ltd raised its stake in shares of Teradyne by 35.5% during the fourth quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock valued at $407,331,000 after acquiring an additional 847,409 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Teradyne Trading Down 0.3%

Shares of NASDAQ:TER traded down $0.26 on Friday, hitting $82.73. 2,181,891 shares of the company were exchanged, compared to its average volume of 2,595,832. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The stock's 50 day moving average price is $79.06 and its 200 day moving average price is $104.56. The firm has a market capitalization of $13.27 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The business had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne declared that its Board of Directors has initiated a stock buyback program on Monday, April 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. 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. Robert W. Baird decreased their price target on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Northland Securities decreased their price target on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Susquehanna cut their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Finally, Cantor Fitzgerald cut their price objective on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $117.56.

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.