Woodline Partners LP Decreases Stock Position in Teradyne, Inc. (NASDAQ:TER)

Woodline Partners LP cut its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 87.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,176 shares of the company's stock after selling 15,441 shares during the period. Woodline Partners LP's holdings in Teradyne were worth $274,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new position in Teradyne during the 4th quarter valued at about $33,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Teradyne in the 4th quarter worth approximately $34,000. AllSquare Wealth Management LLC boosted its stake in shares of Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after buying an additional 200 shares during the last quarter. Manchester Capital Management LLC boosted its stake in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after buying an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Teradyne in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Trading Up 0.9%

NASDAQ:TER traded up $0.73 during trading hours on Thursday, reaching $80.98. The company had a trading volume of 1,803,105 shares, compared to its average volume of 2,595,244. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 2.83 and a beta of 1.70. The firm's 50 day moving average price is $77.45 and its 200-day moving average price is $102.59.

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

Teradyne declared that its board has authorized a share repurchase plan on Monday, April 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently declared 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 0.59%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio is presently 13.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Susquehanna cut 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. 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 note on Wednesday, March 12th. Morgan Stanley cut their target price on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Finally, Vertical Research assumed coverage on shares of Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Teradyne has a consensus rating of "Moderate Buy" and a consensus target price of $114.67.

About Teradyne

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.