Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC grew its stake in Teradyne, Inc. (NASDAQ:TER) by 56.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,045 shares of the company’s stock after buying an additional 1,093 shares during the period. Park Avenue Securities LLC’s holdings in Teradyne were worth $252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Roberts Glore & Co. Inc. IL raised its stake in Teradyne by 2.2% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after acquiring an additional 90 shares during the last quarter. Covestor Ltd increased its holdings in shares of Teradyne by 12.3% in the fourth quarter. Covestor Ltd now owns 901 shares of the company’s stock valued at $113,000 after purchasing an additional 99 shares during the period. Snowden Capital Advisors LLC raised its stake in shares of Teradyne by 2.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock worth $472,000 after purchasing an additional 103 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Teradyne by 4.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company’s stock worth $429,000 after purchasing an additional 119 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Teradyne by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock worth $283,000 after purchasing an additional 124 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Trading Down 3.3%

Teradyne stock opened at $83.08 on Monday. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The stock’s 50 day simple moving average is $78.24 and its two-hundred day simple moving average is $100.77. The firm has a market cap of $13.33 billion, a PE ratio of 24.95, a P/E/G ratio of 2.83 and a beta of 1.69.

Teradyne (NASDAQ:TER) last announced its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue was up 14.3% on a year-over-year basis. On average, equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

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

Teradyne declared that its Board of Directors has authorized a share repurchase plan on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 8.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

TER has been the topic of several research reports. TD Cowen cut their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Cantor Fitzgerald cut their price target 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. JPMorgan Chase & Co. cut their price target on shares of Teradyne from $120.00 to $92.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Citigroup cut their price target on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Teradyne in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $114.67.

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.