GSA Capital Partners LLP Acquires 11,509 Shares of Teradyne, Inc. (NASDAQ:TER)

Key Points

• GSA Capital Partners LLP increased its stake in Teradyne, Inc. by 710.9% in the first quarter, raising its holdings to 13,128 shares worth $1,084,000.
• Teradyne's stock saw an 18.9% increase recently, with a current market cap of $17.27 billion and a price-to-earnings ratio of 37.25.
• The company is forecasting an earnings per share (EPS) of 3.88 for the current fiscal year despite a decline in quarterly revenue compared to last year.

GSA Capital Partners LLP grew its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 710.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,128 shares of the company's stock after buying an additional 11,509 shares during the period. GSA Capital Partners LLP's holdings in Teradyne were worth $1,084,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Valliance Asset Management Ltd bought a new stake in shares of Teradyne during the 1st quarter valued at $206,000. Federated Hermes Inc. raised its stake in shares of Teradyne by 188.8% during the 1st quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company's stock valued at $173,943,000 after purchasing an additional 1,376,631 shares during the period. Meeder Advisory Services Inc. raised its stake in shares of Teradyne by 47.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 4,355 shares of the company's stock valued at $360,000 after purchasing an additional 1,404 shares during the period. Mackenzie Financial Corp raised its stake in shares of Teradyne by 53.1% during the 1st quarter. Mackenzie Financial Corp now owns 43,935 shares of the company's stock valued at $3,629,000 after purchasing an additional 15,244 shares during the period. Finally, TCW Group Inc. raised its stake in shares of Teradyne by 32.3% during the 1st quarter. TCW Group Inc. now owns 14,158 shares of the company's stock valued at $1,169,000 after purchasing an additional 3,455 shares during the period. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TER. UBS Group reiterated a "buy" rating and set a $130.00 price objective (up from $120.00) on shares of Teradyne in a research note on Thursday. Morgan Stanley upgraded Teradyne from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $74.00 to $100.00 in a research note on Thursday. Susquehanna decreased their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus upped their target price on Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, The Goldman Sachs Group restated a "sell" rating and issued a $85.00 target price on shares of Teradyne in a research note on Wednesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.44.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $105.73, for a total value of $58,574.42. Following the completion of the sale, the chief executive officer owned 97,547 shares of the company's stock, valued at approximately $10,313,644.31. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.

Teradyne Stock Down 3.0%

Shares of NASDAQ:TER traded down $3.27 during trading on Friday, hitting $104.16. The stock had a trading volume of 4,812,201 shares, compared to its average volume of 4,507,611. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $144.16. The company has a market capitalization of $16.71 billion, a PE ratio of 36.04, a PEG ratio of 2.25 and a beta of 1.72. The firm's fifty day moving average is $89.70 and its 200 day moving average is $93.09.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. Teradyne had a return on equity of 18.16% and a net margin of 16.59%. The company had revenue of $651.80 million during the quarter, compared to analyst estimates of $649.02 million. During the same quarter last year, the company earned $0.86 EPS. The firm's revenue for the quarter was down 10.7% on a year-over-year basis. Equities research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is 16.61%.

Teradyne announced that its board has approved a share buyback program on Monday, April 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy 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 shares are undervalued.

Teradyne 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.