Baird Financial Group Inc. Has $3.06 Million Position in Teradyne, Inc. (NASDAQ:TER)

Baird Financial Group Inc. lessened its holdings in Teradyne, Inc. (NASDAQ:TER) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,312 shares of the company’s stock after selling 131 shares during the period. Baird Financial Group Inc.’s holdings in Teradyne were worth $3,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Compass Financial Services Inc acquired a new position in shares of Teradyne in the 4th quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Teradyne during the fourth quarter valued at $34,000. AllSquare Wealth Management LLC grew its holdings in shares of Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC increased its position in shares of Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after purchasing an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Teradyne during the 4th quarter valued at about $45,000. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

TER has been the topic of several research analyst reports. TD Cowen decreased their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Vertical Research began coverage on Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective for the company. Bank of America reduced their price objective on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley cut their price target on Teradyne from $81.00 to $69.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Teradyne from $120.00 to $92.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.56.

Teradyne Trading Up 0.8 %

Teradyne stock opened at $77.42 on Friday. The firm has a market capitalization of $12.42 billion, a P/E ratio of 23.25, a PEG 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 $105.27. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The firm had revenue of $685.70 million during the quarter, compared to analysts’ expectations of $680.54 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne declared that its board has initiated a share repurchase plan on Monday, April 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Teradyne Announces Dividend

The company 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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne’s dividend payout ratio is currently 13.56%.

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.