Teradyne, Inc. (NASDAQ:TER) Stock Position Raised by Two Sigma Investments LP

Two Sigma Investments LP boosted its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 42.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 250,702 shares of the company's stock after acquiring an additional 75,257 shares during the period. Two Sigma Investments LP owned about 0.15% of Teradyne worth $31,568,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Compass Financial Services Inc purchased a new position in shares of Teradyne during the 4th quarter worth about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne during the fourth quarter worth approximately $34,000. AllSquare Wealth Management LLC raised its stake in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after purchasing an additional 200 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after purchasing an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Teradyne in the 4th quarter valued at $45,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

TER traded down $1.51 on Monday, reaching $76.98. The company's stock had a trading volume of 1,813,187 shares, compared to its average volume of 2,589,427. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The business's 50 day moving average is $78.16 and its 200 day moving average is $103.32. The stock has a market cap of $12.35 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. The company had revenue of $685.70 million during the quarter, compared to analysts' expectations of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The business'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. As a group, research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's payout ratio is currently 13.56%.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TER. Bank of America cut their target price on Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research report on Wednesday, March 12th. Citigroup cut their price objective on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. TD Cowen reduced their price objective on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Finally, Robert W. Baird reduced their price target on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Teradyne has an average rating of "Moderate Buy" and a consensus price target of $117.56.

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.