Advisors Preferred LLC Takes $413,000 Position in Teradyne, Inc. (NASDAQ:TER)

Advisors Preferred LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,000 shares of the company's stock, valued at approximately $413,000.

A number of other hedge funds also recently modified their holdings of TER. Covestor Ltd increased its position in Teradyne by 12.3% during the fourth quarter. Covestor Ltd now owns 901 shares of the company's stock worth $113,000 after acquiring an additional 99 shares during the period. Snowden Capital Advisors LLC increased its position in Teradyne by 2.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company's stock worth $472,000 after acquiring an additional 103 shares during the period. CIBC Private Wealth Group LLC increased its position in Teradyne by 4.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company's stock worth $429,000 after acquiring an additional 119 shares during the period. Advisory Services Network LLC increased its position in Teradyne by 6.3% during the fourth quarter. Advisory Services Network LLC now owns 2,384 shares of the company's stock worth $300,000 after acquiring an additional 141 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Teradyne by 22.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 820 shares of the company's stock worth $68,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Teradyne in a research report on Thursday, July 10th. They set a "sell" rating and a $80.00 price target on the stock. Morgan Stanley raised their target price on shares of Teradyne from $68.00 to $74.00 and gave the company an "underweight" rating in a report on Wednesday, July 9th. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the company an "overweight" rating in a report on Tuesday, June 24th. Susquehanna decreased their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $102.00 target price (up from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $112.50.

Teradyne Trading Down 1.8%

NASDAQ:TER traded down $1.70 during mid-day trading on Thursday, hitting $91.33. 3,519,831 shares of the company's stock were exchanged, compared to its average volume of 3,259,925. The company has a 50 day simple moving average of $87.48 and a 200-day simple moving average of $94.63. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $144.16. The firm has a market capitalization of $14.65 billion, a P/E ratio of 25.80, a PEG ratio of 4.12 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The business had revenue of $685.70 million for the quarter, compared to the consensus estimate of $680.54 million. During the same period last year, the company earned $0.51 EPS. The firm's revenue was up 14.3% compared to the same quarter last year. As a group, analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were given a $0.12 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. Teradyne's dividend payout ratio (DPR) is currently 13.56%.

Teradyne declared that its Board of Directors has initiated a share buyback program on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 8.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

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.