Wealth Enhancement Advisory Services LLC Buys 28,406 Shares of Teradyne, Inc. (NASDAQ:TER)

Wealth Enhancement Advisory Services LLC raised its stake in Teradyne, Inc. (NASDAQ:TER) by 306.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,661 shares of the company’s stock after buying an additional 28,406 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Teradyne were worth $3,111,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Azzad Asset Management Inc. ADV bought a new stake in shares of Teradyne in the 1st quarter valued at about $1,797,000. Marshall Financial Group LLC grew its position in shares of Teradyne by 6.4% in the 1st quarter. Marshall Financial Group LLC now owns 10,413 shares of the company’s stock valued at $860,000 after buying an additional 628 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of Teradyne by 86.0% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,084 shares of the company’s stock valued at $585,000 after buying an additional 3,275 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Teradyne by 54.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,428,012 shares of the company’s stock valued at $117,954,000 after buying an additional 504,944 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of Teradyne by 0.6% in the 1st quarter. Handelsbanken Fonder AB now owns 72,539 shares of the company’s stock valued at $5,992,000 after buying an additional 407 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on TER shares. JPMorgan Chase & Co. reduced their price target on Teradyne from $120.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Morgan Stanley reduced their price target on Teradyne from $81.00 to $69.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 16th. Susquehanna reduced their price target on Teradyne from $155.00 to $133.00 and set a “positive” rating on the stock in a research report on Wednesday, April 30th. UBS Group set a $130.00 target price on Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus cut their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.33.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $90.35 on Friday. The business’s 50 day simple moving average is $81.20 and its two-hundred day simple moving average is $99.09. The firm has a market cap of $14.49 billion, a P/E ratio of 25.52, a PEG ratio of 3.98 and a beta of 1.69. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results 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 business had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.53%. Teradyne’s payout ratio is currently 13.56%.

Teradyne announced that its Board of Directors has approved a stock repurchase program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership 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.