Teradyne, Inc. (NASDAQ:TER) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. decreased its position in Teradyne, Inc. (NASDAQ:TER) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,312 shares of the company’s stock after selling 131 shares during the quarter. Baird Financial Group Inc.’s holdings in Teradyne were worth $3,061,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Teradyne by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company’s stock worth $2,569,511,000 after acquiring an additional 92,428 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the period. Ameriprise Financial Inc. increased its stake in Teradyne by 28.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company’s stock worth $608,025,000 after purchasing an additional 1,065,474 shares in the last quarter. Geode Capital Management LLC raised its holdings in Teradyne by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company’s stock worth $515,665,000 after buying an additional 94,374 shares during the period. Finally, Aspex Management HK Ltd lifted its stake in Teradyne by 35.5% during 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. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 0.8 %

Shares of TER stock opened at $77.42 on Friday. The business’s 50 day moving average is $80.93 and its two-hundred day moving average is $105.27. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The company has a market cap of $12.42 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER) last released its earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. The firm 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 revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. As a group, equities analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

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

Teradyne announced that its board has authorized a stock buyback plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 8.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TER. Citigroup cut their price target on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Susquehanna decreased their target price on Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a research report on Wednesday, April 30th. Bank of America dropped their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird decreased their price objective on Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Finally, TD Cowen dropped their target price on Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $117.56.

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.