Cetera Investment Advisers Sells 466 Shares of Teradyne, Inc. (NASDAQ:TER)

Cetera Investment Advisers trimmed its holdings in Teradyne, Inc. (NASDAQ:TER) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,062 shares of the company’s stock after selling 466 shares during the quarter. Cetera Investment Advisers’ holdings in Teradyne were worth $2,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Teradyne in the fourth quarter valued at approximately $12,118,000. Empowered Funds LLC boosted its position in shares of Teradyne by 16.2% in the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company’s stock valued at $3,811,000 after acquiring an additional 4,212 shares during the period. Boston Trust Walden Corp boosted its position in shares of Teradyne by 3.3% in the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company’s stock valued at $51,398,000 after acquiring an additional 13,020 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Teradyne in the fourth quarter valued at approximately $217,000. 99.77% of the stock is owned by institutional investors.

Teradyne Price Performance

Teradyne stock opened at $82.73 on Monday. The stock has a fifty day moving average price of $78.97 and a two-hundred day moving average price of $104.30. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The firm has a market capitalization of $13.27 billion, a P/E ratio of 24.84, a P/E/G ratio of 2.83 and a beta of 1.70.

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. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The firm had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. During the same period in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

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

Teradyne Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TER shares. Robert W. Baird reduced 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. Bank of America reduced their price objective on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Vertical Research assumed 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. UBS Group set a $130.00 target price on Teradyne and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Finally, TD Cowen reduced their target price on Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.56.

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.