Gateway Investment Advisers LLC Lowers Holdings in Teradyne, Inc. (NASDAQ:TER)

Gateway Investment Advisers LLC reduced its position in shares of Teradyne, Inc. (NASDAQ:TER) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,188 shares of the company’s stock after selling 1,153 shares during the quarter. Gateway Investment Advisers LLC owned about 0.07% of Teradyne worth $9,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Compass Financial Services Inc bought a new stake in shares of Teradyne in the 4th quarter valued at about $33,000. Strategic Investment Solutions Inc. IL purchased a new position in Teradyne during the fourth quarter valued at approximately $34,000. AllSquare Wealth Management LLC raised its stake in Teradyne by 200.0% in 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 lifted its holdings in Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Teradyne during the fourth quarter worth $45,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TER shares. KeyCorp reiterated a “sector weight” rating on shares of Teradyne in a report on Thursday, April 17th. Bank of America cut their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note 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 report 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 report on Thursday, April 17th. Finally, UBS Group set a $130.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.67.

Teradyne Trading Up 4.3%

TER opened at $85.23 on Friday. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The firm has a 50 day moving average of $76.98 and a two-hundred day moving average of $101.59. The firm has a market capitalization of $13.67 billion, a PE ratio of 25.59, a P/E/G ratio of 2.83 and a beta of 1.69.

Teradyne (NASDAQ:TER) last posted its earnings results 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. The company had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, May 22nd. Teradyne’s dividend payout ratio (DPR) is presently 13.56%.

Teradyne declared that its Board of Directors has initiated a share repurchase plan on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Teradyne

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.