Alkeon Capital Management LLC Increases Stake in Teradyne, Inc. (NASDAQ:TER)

Alkeon Capital Management LLC boosted its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,544,017 shares of the company's stock after acquiring an additional 400,000 shares during the period. Alkeon Capital Management LLC owned 0.95% of Teradyne worth $194,423,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Compass Financial Services Inc purchased a new stake in Teradyne in the 4th quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new stake in Teradyne during the 4th quarter valued at approximately $34,000. AllSquare Wealth Management LLC raised its stake in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after purchasing an additional 200 shares during the period. Manchester Capital Management LLC lifted its holdings in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after purchasing an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Teradyne in the 4th quarter worth approximately $45,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Up 1.7 %

Shares of Teradyne stock traded up $1.22 during trading on Wednesday, reaching $75.29. The company's stock had a trading volume of 3,204,687 shares, compared to its average volume of 2,575,140. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The company has a 50-day simple moving average of $82.80 and a two-hundred day simple moving average of $106.29. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $680.54 million. During the same period in the prior year, the firm earned $0.51 EPS. The firm's revenue was up 14.3% on a year-over-year basis. As a group, analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne declared that its board has initiated a stock repurchase plan on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently commented on TER. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Cantor Fitzgerald dropped their price objective on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their target price on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Bank of America cut their price target on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Teradyne has an average rating of "Moderate Buy" and a consensus target price of $117.56.

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.