Boothbay Fund Management LLC Boosts Stake in Teradyne, Inc. (NASDAQ:TER)

Boothbay Fund Management LLC raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 104.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,087 shares of the company's stock after buying an additional 51,610 shares during the period. Boothbay Fund Management LLC owned about 0.06% of Teradyne worth $12,729,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of Teradyne during the fourth quarter valued at approximately $11,758,000. Coldstream Capital Management Inc. raised its stake in shares of Teradyne by 14.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,636 shares of the company's stock valued at $458,000 after acquiring an additional 458 shares in the last quarter. Nebula Research & Development LLC raised its stake in shares of Teradyne by 521.9% during the fourth quarter. Nebula Research & Development LLC now owns 18,962 shares of the company's stock valued at $2,388,000 after acquiring an additional 15,913 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Teradyne by 3.9% during the fourth quarter. Voya Investment Management LLC now owns 109,501 shares of the company's stock valued at $13,788,000 after acquiring an additional 4,071 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Teradyne by 3.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 5,258 shares of the company's stock valued at $664,000 after acquiring an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

Shares of NASDAQ:TER traded up $0.76 during trading on Thursday, hitting $74.97. 967,411 shares of the company were exchanged, compared to its average volume of 2,567,770. The stock has a market capitalization of $12.06 billion, a P/E ratio of 22.46, a PEG ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The firm's 50 day moving average price is $85.79 and its 200-day moving average price is $107.91.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The firm had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same quarter in the prior year, the firm earned $0.51 EPS. Teradyne's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its Board of Directors has initiated a stock buyback plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Teradyne

In related news, insider Richard John Burns sold 445 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the sale, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $154,302.16. Following the sale, the chief financial officer now owns 36,576 shares of the company's stock, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,045 shares of company stock valued at $227,997. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

TER has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Susquehanna reduced their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research note on Wednesday. Finally, TD Cowen reduced their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.56.

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.