Marshall Financial Group LLC Increases Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Marshall Financial Group LLC raised its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,413 shares of the company’s stock after purchasing an additional 628 shares during the quarter. Marshall Financial Group LLC’s holdings in Teradyne were worth $860,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TER. Strategic Investment Solutions Inc. IL acquired a new stake in Teradyne during the fourth quarter worth about $34,000. AllSquare Wealth Management LLC grew its holdings in shares of Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after buying an additional 200 shares in the last quarter. Manchester Capital Management LLC grew its stake in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $45,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of Teradyne in the 1st quarter worth $45,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TER. UBS Group set a $130.00 price target on shares of Teradyne and gave the stock a “buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus reduced their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. TD Cowen decreased their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Vertical Research assumed coverage on Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Teradyne from $120.00 to $92.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.67.

Teradyne Price Performance

Shares of TER stock opened at $83.08 on Friday. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The firm’s 50-day simple moving average is $78.24 and its 200-day simple moving average is $100.88. The firm has a market cap of $13.33 billion, a P/E ratio of 24.95, a PEG ratio of 2.83 and a beta of 1.69.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.14. The company had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. Analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.58%. The ex-dividend date was Thursday, May 22nd. Teradyne’s payout ratio is currently 13.56%.

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

Teradyne 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.