Toronto Dominion Bank Increases Stock Position in Teradyne, Inc. (NASDAQ:TER)

Toronto Dominion Bank raised its stake in Teradyne, Inc. (NASDAQ:TER) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,182 shares of the company’s stock after acquiring an additional 1,018 shares during the period. Toronto Dominion Bank owned 0.05% of Teradyne worth $10,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company’s stock valued at $2,569,511,000 after purchasing an additional 92,428 shares during the period. Van ECK Associates Corp raised its stake in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after buying an additional 1,846,079 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Teradyne by 28.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company’s stock valued at $608,025,000 after buying an additional 1,065,474 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Teradyne by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company’s stock valued at $515,665,000 after buying an additional 94,374 shares during the period. Finally, Aspex Management HK Ltd boosted its stake in shares of Teradyne by 35.5% in the fourth quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company’s stock valued at $407,331,000 after buying an additional 847,409 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TER shares. KeyCorp reiterated a “sector weight” rating on shares of Teradyne in a research report on Thursday, April 17th. Northland Securities reduced their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Stifel Nicolaus decreased their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Vertical Research began coverage on Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 target price on the stock. Finally, Susquehanna cut their price target on Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.56.

Teradyne Trading Down 0.1%

TER opened at $81.42 on Wednesday. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The business has a 50 day moving average of $78.78 and a 200-day moving average of $103.97. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.14. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The firm had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. During the same period in the previous year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. Teradyne’s payout ratio is 13.56%.

Teradyne announced that its board 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 usually a sign that the company’s board of directors 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.