Teradyne, Inc. (NASDAQ:TER) Holdings Trimmed by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,062 shares of the company’s stock after selling 466 shares during the quarter. Cetera Investment Advisers’ holdings in Teradyne were worth $2,148,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Teradyne in the 4th quarter valued at $12,118,000. Empowered Funds LLC boosted its position in shares of Teradyne by 16.2% in the 4th quarter. Empowered Funds LLC now owns 30,269 shares of the company’s stock valued at $3,811,000 after purchasing an additional 4,212 shares during the period. Boston Trust Walden Corp boosted its position in shares of Teradyne by 3.3% in the 4th quarter. Boston Trust Walden Corp now owns 408,177 shares of the company’s stock valued at $51,398,000 after purchasing an additional 13,020 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Teradyne in the 4th quarter valued at $217,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

TER opened at $82.73 on Monday. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The business has a 50-day moving average of $78.97 and a 200-day moving average of $104.30. The company has a market capitalization of $13.27 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

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

Teradyne declared that its Board of Directors has approved a stock repurchase plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The business 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 $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.58%. Teradyne’s dividend payout ratio (DPR) is currently 13.56%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. KeyCorp reiterated a “sector weight” rating on shares of Teradyne in a research report on Thursday, April 17th. TD Cowen reduced their price objective on Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price objective on Teradyne from $120.00 to $92.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Citigroup reduced their price objective on Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Finally, Robert W. Baird reduced their price objective on Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average price target of $117.56.

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.