Two Sigma Advisers LP Sells 10,200 Shares of Teradyne, Inc. (NASDAQ:TER)

Two Sigma Advisers LP cut its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 59.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,969 shares of the company's stock after selling 10,200 shares during the quarter. Two Sigma Advisers LP's holdings in Teradyne were worth $878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Norges Bank bought a new stake in Teradyne during the 4th quarter valued at approximately $270,989,000. Van ECK Associates Corp raised its holdings in Teradyne by 59.9% in the 4th 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 last quarter. Raymond James Financial Inc. purchased a new position in Teradyne in the 4th quarter worth approximately $160,087,000. Ameriprise Financial Inc. raised its holdings in Teradyne by 28.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after acquiring an additional 1,065,474 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in 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 during the last quarter. 99.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on TER. Bank of America decreased their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Stifel Nicolaus decreased their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Citigroup decreased their price objective 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. Robert W. Baird cut their target price on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Finally, TD Cowen cut their target price on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $114.67.

Teradyne Price Performance

Shares of NASDAQ:TER traded down $0.31 during midday trading on Thursday, hitting $81.75. The company had a trading volume of 2,335,803 shares, compared to its average volume of 2,600,394. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 2.83 and a beta of 1.69. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The company has a fifty day moving average of $76.92 and a two-hundred day moving average of $101.72.

Teradyne (NASDAQ:TER - Get Free Report) last posted 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. The firm had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Teradyne's revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. Research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne declared that its board has approved a stock repurchase plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are 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 issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio is currently 13.56%.

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.