Allspring Global Investments Holdings LLC Boosts Holdings in Teradyne, Inc. (NASDAQ:TER)

Allspring Global Investments Holdings LLC increased its holdings in Teradyne, Inc. (NASDAQ:TER) by 7.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,390,896 shares of the company’s stock after acquiring an additional 157,838 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Teradyne were worth $302,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TER. Whittier Trust Co. grew its holdings in shares of Teradyne by 10.2% in the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after purchasing an additional 88 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after buying an additional 103 shares during the period. Thrivent Financial for Lutherans grew its holdings in Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after acquiring an additional 104 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after acquiring an additional 105 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in shares of Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Insider Activity

In related news, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the sale, the vice president now owns 4,312 shares in the company, valued at approximately $439,824. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 407 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the sale, the insider now directly owns 20,764 shares of the company’s stock, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,013,134 over the last three months. Insiders own 0.36% of the company’s stock.

Teradyne Stock Down 1.2 %

Shares of NASDAQ TER opened at $112.72 on Wednesday. The company has a 50 day moving average of $125.67 and a 200 day moving average of $123.42. Teradyne, Inc. has a twelve month low of $95.80 and a twelve month high of $163.21. The firm has a market cap of $18.36 billion, a P/E ratio of 33.85, a PEG ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, equities analysts expect that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has approved a share repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne’s dividend payout ratio is presently 14.41%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TER shares. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Susquehanna lifted their price objective on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. UBS Group decreased their target price on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, January 31st. Robert W. Baird cut their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Stifel Nicolaus reduced their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

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.