Gotham Asset Management LLC Sells 3,201 Shares of Teradyne, Inc. (NASDAQ:TER)

Gotham Asset Management LLC cut its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 46.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,749 shares of the company's stock after selling 3,201 shares during the quarter. Gotham Asset Management LLC's holdings in Teradyne were worth $472,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TER. Norges Bank bought a new position in Teradyne in the fourth quarter worth about $270,989,000. Van ECK Associates Corp raised its holdings in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Teradyne during the fourth quarter valued at about $160,087,000. Ameriprise Financial Inc. increased its holdings in shares of Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock valued at $608,025,000 after acquiring an additional 1,065,474 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Teradyne by 142.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock valued at $191,718,000 after acquiring an additional 894,849 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Trading Down 1.5%

Teradyne stock opened at $81.47 on Tuesday. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The stock's 50 day simple moving average is $78.86 and its two-hundred day simple moving average is $104.12. The firm has a market cap of $13.07 billion, a PE ratio of 24.47, a P/E/G ratio of 2.83 and a beta of 1.70.

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

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's payout ratio is 13.56%.

Teradyne declared that its Board of Directors has authorized a stock buyback program on Monday, April 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Vertical Research assumed coverage on shares of Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 price objective on the stock. Morgan Stanley cut their price objective on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. KeyCorp restated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Citigroup dropped their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus dropped their target price on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently 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.

Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.