Lazard Asset Management LLC Has $113.97 Million Position in Teradyne, Inc. (NASDAQ:TER)

Lazard Asset Management LLC reduced its position in shares of Teradyne, Inc. (NASDAQ:TER) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,131 shares of the company’s stock after selling 27,100 shares during the period. Lazard Asset Management LLC owned approximately 0.56% of Teradyne worth $113,973,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LMR Partners LLP grew its position in Teradyne by 304.4% in the fourth quarter. LMR Partners LLP now owns 328,378 shares of the company’s stock valued at $41,349,000 after acquiring an additional 247,175 shares during the last quarter. Lighthouse Investment Partners LLC grew its position in Teradyne by 113.8% during the 4th quarter. Lighthouse Investment Partners LLC now owns 12,000 shares of the company’s stock worth $1,511,000 after acquiring an additional 6,386 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Teradyne by 2.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 637,260 shares of the company’s stock worth $80,244,000 after purchasing an additional 16,646 shares in the last quarter. Janus Henderson Group PLC raised its position in Teradyne by 56.9% in the fourth quarter. Janus Henderson Group PLC now owns 258,086 shares of the company’s stock valued at $32,499,000 after purchasing an additional 93,646 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Teradyne during the fourth quarter valued at about $1,787,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Up 0.8%

Shares of Teradyne stock opened at $77.42 on Monday. The company has a market cap of $12.42 billion, a PE ratio of 23.25, a P/E/G ratio of 2.83 and a beta of 1.70. The business has a 50 day moving average of $80.93 and a 200 day moving average of $105.24. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly 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. The company had revenue of $685.70 million for the quarter, compared to analysts’ expectations of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Teradyne’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. On average, research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its Board of Directors has authorized a share buyback program on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, May 22nd. Teradyne’s payout ratio is currently 13.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TER shares. Vertical Research started coverage on shares of Teradyne in a research report on Friday, March 7th. They set a “buy” rating and a $135.00 price objective for the company. Susquehanna decreased their target price 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. Northland Securities cut their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. KeyCorp reissued a “sector weight” rating on shares of Teradyne in a research report on Thursday, April 17th. Finally, UBS Group set a $130.00 price objective on Teradyne and gave the company a “buy” rating in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $117.56.

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.