Teradyne, Inc. (NASDAQ:TER) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 9,541.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,135 shares of the company's stock after purchasing an additional 328,690 shares during the quarter. GAMMA Investing LLC owned approximately 0.21% of Teradyne worth $27,434,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Teradyne during the 4th quarter worth $270,989,000. Van ECK Associates Corp lifted its stake in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the period. Raymond James Financial Inc. purchased a new stake in Teradyne in the fourth quarter worth about $160,087,000. Ameriprise Financial Inc. raised its stake in Teradyne by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after buying an additional 1,065,474 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Teradyne by 142.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock worth $191,718,000 after acquiring an additional 894,849 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Price Performance

TER stock traded up $3.49 during trading on Friday, hitting $85.23. 3,114,890 shares of the company traded hands, compared to its average volume of 2,602,443. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The company has a market cap of $13.67 billion, a PE ratio of 25.59, a P/E/G ratio of 2.83 and a beta of 1.69. The stock's 50-day simple moving average is $76.92 and its 200 day simple moving average is $101.72.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The business had revenue of $685.70 million for the quarter, compared to analysts' expectations of $680.54 million. During the same quarter last year, the company earned $0.51 EPS. The business's revenue was up 14.3% on a year-over-year basis. Research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, May 22nd. Teradyne's payout ratio is currently 13.56%.

Teradyne announced that its Board of Directors has approved a stock repurchase program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. 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 target on the stock. JPMorgan Chase & Co. decreased their target price on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus cut their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. KeyCorp reaffirmed 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 Teradyne and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.67.

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.