Teradyne, Inc. (NASDAQ:TER) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,255 shares of the company’s stock after selling 1,000 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Teradyne were worth $1,165,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TER. Norges Bank acquired a new position in Teradyne in the fourth quarter worth approximately $270,989,000. Van ECK Associates Corp boosted its stake in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after acquiring an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Teradyne in the 4th quarter worth $160,087,000. Ameriprise Financial Inc. raised its position 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 worth $608,025,000 after purchasing an additional 1,065,474 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in shares of Teradyne by 142.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company’s stock worth $191,718,000 after purchasing an additional 894,849 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TER has been the topic of a number of analyst reports. Robert W. Baird dropped their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Stifel Nicolaus dropped their target price on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Cantor Fitzgerald reduced their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Susquehanna decreased their price objective on shares of Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a research note on Wednesday, April 30th. Finally, Vertical Research started coverage on shares of Teradyne in a research report on Friday, March 7th. They set a “buy” rating and a $135.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $114.67.

Teradyne Trading Up 4.3%

TER opened at $85.23 on Monday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The stock has a fifty day moving average price of $76.98 and a 200 day moving average price of $101.56. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.83 and a beta of 1.69.

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

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Teradyne’s dividend payout ratio (DPR) is 13.56%.

Teradyne announced that its Board of Directors has initiated a share buyback program on Monday, April 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Teradyne 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.