Teradyne, Inc. (NASDAQ:TER) Holdings Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its position in Teradyne, Inc. (NASDAQ:TER) by 6.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,328 shares of the company’s stock after acquiring an additional 261 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Teradyne were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Teradyne in the 4th quarter valued at approximately $34,000. AllSquare Wealth Management LLC grew its stake in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after buying an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Teradyne during the 4th quarter worth $45,000. Sentry Investment Management LLC bought a new position in Teradyne during the 1st quarter worth $45,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Teradyne during the 4th quarter worth $69,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Down 1.6%

Shares of Teradyne stock opened at $97.05 on Monday. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 4.23 and a beta of 1.70. The business has a fifty day simple moving average of $84.97 and a 200-day simple moving average of $96.40. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.14. The business had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 0.49%. Teradyne’s dividend payout ratio (DPR) is 13.56%.

Teradyne announced that its Board of Directors has authorized a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TER. Cantor Fitzgerald set a $105.00 price objective on Teradyne and gave the stock an “overweight” rating in a research note on Tuesday, June 24th. Morgan Stanley upped their price objective on Teradyne from $68.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 9th. Susquehanna lowered their price objective on Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group began coverage on Teradyne in a research note on Thursday. They set a “sell” rating and a $80.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on Teradyne from $120.00 to $92.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $112.50.

About Teradyne

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.