Teradyne, Inc. (NASDAQ:TER) Position Raised by Focus Partners Wealth

Focus Partners Wealth boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,986 shares of the company's stock after buying an additional 13,710 shares during the quarter. Focus Partners Wealth's holdings in Teradyne were worth $5,035,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Teradyne by 14.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,499 shares of the company's stock valued at $441,000 after purchasing an additional 452 shares in the last quarter. Czech National Bank grew its stake in shares of Teradyne by 6.2% in the fourth quarter. Czech National Bank now owns 35,312 shares of the company's stock worth $4,446,000 after acquiring an additional 2,072 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Teradyne in the fourth quarter worth $217,000. Assenagon Asset Management S.A. increased its position in shares of Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock worth $116,233,000 after acquiring an additional 873,626 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Teradyne by 40.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 629 shares of the company's stock valued at $79,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

TER has been the topic of a number of recent research reports. Susquehanna cut their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Citigroup lowered their price target on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. KeyCorp restated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Finally, UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average price target of $117.56.

Teradyne Trading Down 0.3%

Shares of TER traded down $0.23 during mid-day trading on Tuesday, reaching $81.24. The company had a trading volume of 183,375 shares, compared to its average volume of 2,585,804. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The firm has a fifty day simple moving average of $78.86 and a 200-day simple moving average of $104.12. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.14. The firm had revenue of $685.70 million for the quarter, compared to analysts' expectations of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. As a group, equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

Teradyne announced that its board has authorized a share 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 shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

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.