GAMMA Investing LLC Increases Holdings in Teradyne, Inc. (NASDAQ:TER)

GAMMA Investing LLC raised its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 9,541.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 332,135 shares of the company's stock after acquiring an additional 328,690 shares during the quarter. GAMMA Investing LLC owned approximately 0.21% of Teradyne worth $27,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc raised its position in Teradyne by 319.0% in the first quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock worth $49,000 after acquiring an additional 453 shares during the period. Versant Capital Management Inc increased its stake in shares of Teradyne by 478.2% in the 1st quarter. Versant Capital Management Inc now owns 4,215 shares of the company's stock worth $348,000 after purchasing an additional 3,486 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Teradyne by 22.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 820 shares of the company's stock worth $68,000 after purchasing an additional 149 shares in the last quarter. Wellington Management Group LLP raised its holdings in Teradyne by 36.2% in the 4th quarter. Wellington Management Group LLP now owns 14,554 shares of the company's stock worth $1,833,000 after purchasing an additional 3,870 shares during the period. Finally, Siemens Fonds Invest GmbH lifted its position in Teradyne by 158.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 4,463 shares of the company's stock valued at $562,000 after purchasing an additional 2,735 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on TER shares. Vertical Research began coverage on Teradyne in a research report on Friday, March 7th. They issued a "buy" rating and a $135.00 price target for the company. Bank of America cut their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Cantor Fitzgerald lowered their price target on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Finally, Morgan Stanley reduced their price objective on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.67.

Teradyne Stock Up 4.3%

TER stock traded up $3.49 during mid-day trading on Friday, hitting $85.23. The company had a trading volume of 3,114,895 shares, compared to its average volume of 2,613,050. The company has a 50-day moving average price of $76.98 and a 200 day moving average price of $101.56. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 2.83 and a beta of 1.69.

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 the consensus estimate of $0.61 by $0.14. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The firm had revenue of $685.70 million for the quarter, compared to analysts' expectations of $680.54 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The business's revenue was up 14.3% compared to the same quarter last year. As a group, analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

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 issued a dividend of $0.12 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Teradyne's dividend payout ratio (DPR) is 13.56%.

Teradyne announced that its Board of Directors has authorized a stock repurchase program on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 8.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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.