Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC increased its holdings in Teradyne, Inc. (NASDAQ:TER) by 56.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,086 shares of the company’s stock after acquiring an additional 93,646 shares during the quarter. Janus Henderson Group PLC owned approximately 0.16% of Teradyne worth $32,499,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TER. Compass Financial Services Inc acquired a new position in Teradyne in the 4th quarter valued at $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne in the 4th quarter valued at $34,000. AllSquare Wealth Management LLC increased its stake in Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after buying an additional 200 shares during the period. Manchester Capital Management LLC increased its stake in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after buying an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Teradyne during the 4th quarter worth $45,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. TD Cowen lowered their price target 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. Cantor Fitzgerald lowered their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price target on shares of Teradyne from $120.00 to $92.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. KeyCorp reaffirmed a “sector weight” rating on shares of Teradyne in a research note on Thursday, April 17th. Finally, Morgan Stanley lowered their price target on shares of Teradyne from $81.00 to $69.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 16th. Two equities research 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 company. According to MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $117.56.

Teradyne Trading Down 0.7%

Shares of NASDAQ TER opened at $84.27 on Thursday. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21. The company’s 50-day moving average price is $79.49 and its 200 day moving average price is $104.75.

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

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued 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 yield of 0.57%. Teradyne’s dividend payout ratio (DPR) is 13.56%.

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