Allspring Global Investments Holdings LLC Has $302.58 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Allspring Global Investments Holdings LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,390,896 shares of the company’s stock after purchasing an additional 157,838 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.47% of Teradyne worth $302,582,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after purchasing an additional 350,002 shares during the period. Geode Capital Management LLC raised its stake in Teradyne by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after buying an additional 209,868 shares during the period. Van ECK Associates Corp boosted its holdings in Teradyne by 6.3% in the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock worth $383,501,000 after acquiring an additional 183,721 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Teradyne by 16.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after acquiring an additional 393,175 shares in the last quarter. Finally, Aspex Management HK Ltd grew its stake in Teradyne by 11.5% in the third quarter. Aspex Management HK Ltd now owns 2,387,433 shares of the company’s stock valued at $319,749,000 after acquiring an additional 246,914 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER opened at $112.72 on Wednesday. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21. The business has a 50-day moving average of $125.67 and a 200 day moving average of $123.42. The firm has a market cap of $18.36 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its 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 net margin of 19.23% and a return on equity of 19.08%. As a group, research analysts predict that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. Teradyne’s dividend payout ratio is currently 14.41%.

Teradyne declared that its Board of Directors has approved a share buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TER. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. KeyCorp lowered their target price on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Stifel Nicolaus cut their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.77.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 1,384 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the transaction, the chief financial officer now owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard John Burns sold 445 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the transaction, the insider now owns 25,191 shares in the company, valued at $2,808,544.59. This represents a 1.74 % 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 over the last three months. Company insiders own 0.36% of the company’s stock.

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.