Gotham Asset Management LLC Has $472,000 Stock Position in Teradyne, Inc. (NASDAQ:TER)

Gotham Asset Management LLC lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 46.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,749 shares of the company's stock after selling 3,201 shares during the period. Gotham Asset Management LLC's holdings in Teradyne were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Compass Financial Services Inc acquired a new position in shares of Teradyne during the fourth quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne in the fourth quarter worth approximately $34,000. AllSquare Wealth Management LLC grew its position in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC grew its position in Teradyne by 264.0% during 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 purchased a new position in Teradyne during the 4th quarter worth approximately $45,000. Institutional investors own 99.77% of the company's stock.

Teradyne Trading Down 1.9%

Shares of TER traded down $1.51 during mid-day trading on Friday, hitting $76.98. 1,813,187 shares of the company traded hands, compared to its average volume of 2,589,427. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The business has a 50-day moving average of $78.16 and a 200 day moving average of $103.32. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.83 and a beta of 1.70.

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

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.62%. Teradyne's dividend payout ratio is currently 13.56%.

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

Wall Street Analyst Weigh In

TER has been the topic of several research analyst reports. Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Cantor Fitzgerald cut their target price on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Susquehanna cut their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus cut their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research report on Wednesday, March 12th. Finally, Northland Securities lowered their target price on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.