CX Institutional Sells 2,648 Shares of Teradyne, Inc. (NASDAQ:TER)

CX Institutional lowered its stake in Teradyne, Inc. (NASDAQ:TER) by 70.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,113 shares of the company’s stock after selling 2,648 shares during the quarter. CX Institutional’s holdings in Teradyne were worth $92,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TER. Strategic Investment Solutions Inc. IL purchased a new position in shares of Teradyne in the 4th quarter valued at $34,000. AllSquare Wealth Management LLC boosted its holdings in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in Teradyne during the fourth quarter valued at approximately $45,000. Sentry Investment Management LLC acquired a new position in shares of Teradyne in the first quarter worth about $45,000. Finally, Atala Financial Inc purchased a new stake in Teradyne in the 4th quarter worth $47,000. 99.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Susquehanna cut their price objective on shares of Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a research report on Wednesday, April 30th. Bank of America cut their price target on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Vertical Research assumed coverage on Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective for the company. Cantor Fitzgerald decreased their price target on Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Finally, UBS Group set a $130.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Two equities 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 stock. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus price target of $114.67.

Teradyne Stock Up 5.5%

TER stock opened at $87.68 on Tuesday. The company’s 50-day moving average price is $78.63 and its two-hundred day moving average price is $100.62. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The firm has a market cap of $14.07 billion, a P/E ratio of 26.33, a P/E/G ratio of 2.83 and a beta of 1.69.

Teradyne (NASDAQ:TER) last released its earnings results 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 firm had revenue of $685.70 million during 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 company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. Equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Thursday, May 22nd. Teradyne’s payout ratio is 13.56%.

Teradyne declared that its Board of Directors has authorized a share repurchase program on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are 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.