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

Allspring Global Investments Holdings LLC boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,390,896 shares of the company's stock after buying an additional 157,838 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.47% of Teradyne worth $302,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TER. Capital Performance Advisors LLP acquired a new position in shares of Teradyne in the third quarter valued at about $29,000. Compass Financial Services Inc purchased a new stake in shares of Teradyne in the fourth quarter worth about $33,000. Coastline Trust Co purchased a new stake in shares of Teradyne in the third quarter worth about $46,000. Brooklyn Investment Group purchased a new stake in shares of Teradyne in the third quarter worth about $52,000. Finally, Quarry LP boosted its stake in shares of Teradyne by 91.9% in the third quarter. Quarry LP now owns 451 shares of the company's stock worth $60,000 after buying an additional 216 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Trading Up 0.4 %

TER traded up $0.41 on Friday, hitting $113.25. 1,837,860 shares of the company were exchanged, compared to its average volume of 2,822,617. Teradyne, Inc. has a twelve month low of $95.80 and a twelve month high of $163.21. The company has a market cap of $18.44 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45. The firm has a 50-day moving average price of $125.44 and a two-hundred day moving average price of $123.16.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.95 EPS 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%. Equities analysts expect that Teradyne, Inc. will post 3.91 EPS for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.42%. Teradyne's payout ratio is 14.41%.

Teradyne announced that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TER shares. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. KeyCorp reduced their target price on Teradyne from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Craig Hallum reduced their target price on Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $160.00 target price on shares of Teradyne in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Teradyne presently has an average rating of "Moderate Buy" and an average price target of $143.77.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares of the company's stock, valued at approximately $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Mehta sold 614 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the transaction, the chief financial officer now directly owns 30,446 shares of the company's stock, valued at approximately $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,013,134 in the last three months. 0.36% of the stock is owned by corporate insiders.

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.