Teradyne, Inc. (NASDAQ:TER) Shares Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lifted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 63.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,900 shares of the company's stock after purchasing an additional 65,800 shares during the period. Polar Asset Management Partners Inc. owned about 0.10% of Teradyne worth $21,394,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in shares of Teradyne by 59.9% during the 4th 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 during the last quarter. Proficio Capital Partners LLC purchased a new stake in Teradyne in the fourth quarter valued at approximately $12,118,000. Empowered Funds LLC increased its stake in shares of Teradyne by 16.2% in the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock worth $3,811,000 after acquiring an additional 4,212 shares during the period. Boston Trust Walden Corp grew its position in Teradyne by 3.3% during the 4th quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock worth $51,398,000 after purchasing an additional 13,020 shares during the period. Finally, New Mexico Educational Retirement Board boosted its position in Teradyne by 2.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 7,800 shares of the company's stock worth $982,000 after purchasing an additional 200 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Teradyne stock traded down $1.49 during mid-day trading on Wednesday, reaching $80.25. 2,709,591 shares of the company were exchanged, compared to its average volume of 2,596,352. The firm's 50-day simple moving average is $77.80 and its two-hundred day simple moving average is $102.94. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The firm has a market cap of $12.87 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Thursday, May 22nd. Teradyne's dividend payout ratio is currently 13.56%.

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

Analyst Ratings Changes

Several equities research analysts recently commented on TER shares. Citigroup cut their price target on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Susquehanna dropped their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. Vertical Research assumed coverage on shares of Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 price objective on the stock. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Finally, UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Teradyne has a consensus rating of "Moderate Buy" and an average target price of $117.56.

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.