Polar Asset Management Partners Inc. Increases Holdings in Teradyne, Inc. (NASDAQ:TER)

Polar Asset Management Partners Inc. raised its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 63.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,900 shares of the company's stock after buying an additional 65,800 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.10% of Teradyne worth $21,394,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Compass Financial Services Inc acquired a new stake in Teradyne in the 4th quarter valued at $33,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Teradyne in the 4th quarter worth about $34,000. AllSquare Wealth Management LLC lifted its stake in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after buying an additional 200 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after buying an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Teradyne during the fourth quarter valued at $45,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Down 3.7%

TER traded down $2.97 during trading on Friday, reaching $78.01. 1,406,349 shares of the stock traded hands, compared to its average volume of 2,590,849. The stock's 50-day moving average is $77.45 and its 200 day moving average is $102.59. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The stock has a market capitalization of $12.51 billion, a PE ratio of 23.36, a P/E/G 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 EPS for the quarter, topping 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 company had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same quarter last year, the firm posted $0.51 EPS. The company's quarterly revenue 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 has approved a stock buyback program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Teradyne Announces Dividend

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

Analyst Upgrades and Downgrades

TER has been the subject of several analyst reports. Vertical Research started coverage on Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 target price for the company. Northland Securities dropped their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Bank of America lowered their price target on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. Robert W. Baird reduced their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Finally, Susquehanna cut their price target on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, four have given 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, Teradyne has a consensus rating of "Moderate Buy" and a consensus target price of $114.67.

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.