Lecap Asset Management Ltd. Invests $1.55 Million in Teradyne, Inc. (NASDAQ:TER)

Lecap Asset Management Ltd. acquired a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,756 shares of the company's stock, valued at approximately $1,549,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Teradyne during the fourth quarter worth about $34,000. AllSquare Wealth Management LLC increased its position in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after buying an additional 200 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in Teradyne in the fourth quarter valued at approximately $45,000. Sentry Investment Management LLC acquired a new stake in shares of Teradyne in the first quarter valued at approximately $45,000. Finally, Atala Financial Inc purchased a new position in shares of Teradyne during the fourth quarter worth approximately $47,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TER. TD Cowen decreased their price target 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. Vertical Research began coverage on Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 target price on the stock. Morgan Stanley lowered their price objective on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Citigroup reduced their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Finally, Susquehanna decreased their price objective 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $114.33.

Teradyne Stock Up 0.9%

Shares of NASDAQ:TER traded up $0.85 during trading on Thursday, reaching $91.05. The stock had a trading volume of 2,666,794 shares, compared to its average volume of 2,675,862. The stock has a market cap of $14.61 billion, a P/E ratio of 25.72, a PEG ratio of 3.95 and a beta of 1.69. The business has a fifty day moving average price of $80.42 and a 200-day moving average price of $99.47. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21.

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

Teradyne declared that its Board of Directors has authorized a share buyback plan 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 plans are typically a sign that the company's management believes its shares are undervalued.

Teradyne Dividend Announcement

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

Teradyne Company 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.