Envestnet Asset Management Inc. Sells 2,340 Shares of Teradyne, Inc. (NASDAQ:TER)

Envestnet Asset Management Inc. cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 1.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 227,864 shares of the company’s stock after selling 2,340 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of Teradyne worth $18,822,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Teradyne during the 4th quarter valued at approximately $34,000. AllSquare Wealth Management LLC increased its holdings in shares of Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Teradyne during the 4th quarter valued at approximately $45,000. Sentry Investment Management LLC purchased a new position in shares of Teradyne during the 1st quarter valued at approximately $45,000. Finally, AdvisorNet Financial Inc grew its stake in Teradyne by 319.0% in the 1st quarter. AdvisorNet Financial Inc now owns 595 shares of the company’s stock valued at $49,000 after acquiring an additional 453 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Susquehanna dropped their price target on shares of Teradyne from $155.00 to $133.00 and set a “positive” rating on the stock in a research note on Wednesday, April 30th. Cantor Fitzgerald set a $105.00 price target on shares of Teradyne and gave the company an “overweight” rating in a research note on Tuesday, June 24th. JPMorgan Chase & Co. dropped their price target on shares of Teradyne from $120.00 to $92.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. KeyCorp reissued a “sector weight” rating on shares of Teradyne in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group assumed coverage on shares of Teradyne in a research note on Thursday, July 10th. They issued a “sell” rating and a $80.00 price target on the stock. 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $112.50.

Teradyne Stock Down 1.1%

NASDAQ TER opened at $91.98 on Thursday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $159.68. The business’s fifty day simple moving average is $86.08 and its 200-day simple moving average is $96.12. The firm has a market cap of $14.76 billion, a PE ratio of 25.98, a P/E/G ratio of 4.06 and a beta of 1.70.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $680.54 million. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors 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 annualized dividend and a yield of 0.52%. Teradyne’s dividend payout ratio (DPR) is currently 13.56%.

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

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.