Teradyne, Inc. (NASDAQ:TER) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 12.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 483,783 shares of the company's stock after selling 67,482 shares during the quarter. Deutsche Bank AG owned approximately 0.30% of Teradyne worth $60,918,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new position in Teradyne during the fourth quarter worth about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne in the fourth quarter valued at approximately $34,000. AllSquare Wealth Management LLC grew its position in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after acquiring an additional 200 shares during the period. Manchester Capital Management LLC increased its stake in Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after acquiring an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Teradyne in the 4th quarter valued at $45,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TER shares. Northland Securities dropped their target price on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Vertical Research assumed coverage on shares of Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 target price 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 report on Wednesday, March 12th. Robert W. Baird cut their price objective on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Finally, Cantor Fitzgerald reduced their price objective on Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $117.56.

Teradyne Trading Down 0.3%

TER stock traded down $0.26 during trading on Friday, hitting $82.73. 2,181,891 shares of the company's stock were exchanged, compared to its average volume of 2,595,082. The business has a 50-day moving average price of $79.06 and a two-hundred day moving average price of $104.56. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.14. The business 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 earned $0.51 EPS. On average, equities research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's payout ratio is 13.56%.

Teradyne announced that its board has authorized a stock buyback plan on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board 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.