Wealth Enhancement Advisory Services LLC Acquires 28,406 Shares of Teradyne, Inc. (NASDAQ:TER)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 306.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,661 shares of the company’s stock after acquiring an additional 28,406 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Teradyne were worth $3,111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Azzad Asset Management Inc. ADV bought a new stake in Teradyne in the 1st quarter valued at $1,797,000. Marshall Financial Group LLC boosted its stake in Teradyne by 6.4% in the 1st quarter. Marshall Financial Group LLC now owns 10,413 shares of the company’s stock valued at $860,000 after purchasing an additional 628 shares during the period. NorthCrest Asset Manangement LLC boosted its stake in Teradyne by 86.0% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,084 shares of the company’s stock valued at $585,000 after purchasing an additional 3,275 shares during the period. Assenagon Asset Management S.A. boosted its stake in Teradyne by 54.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,428,012 shares of the company’s stock valued at $117,954,000 after purchasing an additional 504,944 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in Teradyne by 0.6% in the 1st quarter. Handelsbanken Fonder AB now owns 72,539 shares of the company’s stock valued at $5,992,000 after purchasing an additional 407 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

Teradyne stock opened at $90.35 on Friday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21. The stock has a market capitalization of $14.49 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 3.98 and a beta of 1.69. The stock has a fifty day moving average of $81.20 and a 200-day moving average of $99.09.

Teradyne (NASDAQ:TER) last issued its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The business had revenue of $685.70 million during the quarter, compared to analysts’ expectations of $680.54 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

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

Teradyne Dividend Announcement

The company also recently announced 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 was Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.53%. Teradyne’s payout ratio is presently 13.56%.

Analysts Set New Price Targets

Several analysts recently issued reports on TER shares. TD Cowen reduced their price target on Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Stifel Nicolaus cut their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday, March 12th. Susquehanna cut their target price on Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a research report on Wednesday, April 30th. Cantor Fitzgerald set a $105.00 target price on Teradyne and gave the company an “overweight” rating in a research report on Tuesday. Finally, UBS Group set a $130.00 target price on Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $114.33.

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.