Teradyne, Inc. (NASDAQ:TER) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,420,691 shares of the company’s stock after selling 47,323 shares during the quarter. Rafferty Asset Management LLC owned 0.87% of Teradyne worth $178,893,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Roberts Glore & Co. Inc. IL lifted its holdings in Teradyne by 2.2% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after buying an additional 90 shares in the last quarter. Covestor Ltd raised its holdings in shares of Teradyne by 12.3% in the 4th quarter. Covestor Ltd now owns 901 shares of the company’s stock valued at $113,000 after purchasing an additional 99 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Teradyne by 4.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company’s stock valued at $429,000 after purchasing an additional 119 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Teradyne by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock valued at $283,000 after purchasing an additional 124 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of Teradyne by 5.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company’s stock valued at $324,000 after purchasing an additional 132 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TER. Bank of America reduced their price objective on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Northland Securities dropped their target price on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. KeyCorp reiterated a “sector weight” rating on shares of Teradyne in a research note on Thursday, April 17th. UBS Group set a $130.00 price target on shares of Teradyne and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus cut their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $117.56.

Teradyne Stock Performance

TER stock opened at $84.27 on Thursday. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The stock has a market capitalization of $13.52 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. The company has a fifty day moving average of $79.49 and a 200-day moving average of $104.75.

Teradyne (NASDAQ:TER) last released its 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 net margin of 19.23% and a return on equity of 19.08%. The company had revenue of $685.70 million during the quarter, compared to analysts’ expectations of $680.54 million. During the same quarter last year, the business earned $0.51 EPS. The business’s revenue was up 14.3% on a year-over-year basis. Equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 0.57%. The ex-dividend date is Thursday, May 22nd. Teradyne’s payout ratio is currently 13.56%.

Teradyne announced that its Board of Directors has approved a share repurchase program on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.