Yousif Capital Management LLC Cuts Stake in Teradyne, Inc. (NASDAQ:TER)

Yousif Capital Management LLC decreased its position in Teradyne, Inc. (NASDAQ:TER) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,397 shares of the company’s stock after selling 164 shares during the period. Yousif Capital Management LLC’s holdings in Teradyne were worth $1,685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TER. Strategic Investment Solutions Inc. IL acquired a new position in shares of Teradyne during the 4th quarter worth $34,000. AllSquare Wealth Management LLC boosted its holdings in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after buying an additional 200 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Teradyne during the fourth quarter worth about $45,000. Sentry Investment Management LLC purchased a new position in Teradyne in the first quarter valued at about $45,000. Finally, Atala Financial Inc purchased a new position in Teradyne in the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

TER stock opened at $87.68 on Tuesday. The company has a 50 day moving average price of $78.63 and a two-hundred day moving average price of $100.62. The stock has a market capitalization of $14.07 billion, a P/E ratio of 26.33, a PEG ratio of 2.83 and a beta of 1.69. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.14. The business had revenue of $685.70 million for 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 business’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. Research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne announced that its board has initiated a share repurchase plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Teradyne Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TER shares. Vertical Research assumed coverage on Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on Teradyne from $120.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Bank of America lowered their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Susquehanna cut their price target on Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a research note on Wednesday, April 30th. Finally, Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.