64,791 Shares in Teradyne, Inc. (NASDAQ:TER) Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 64,791 shares of the company's stock, valued at approximately $8,158,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock valued at $2,569,511,000 after purchasing an additional 92,428 shares during the last quarter. Van ECK Associates Corp grew its stake in Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after buying an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC increased its position in Teradyne by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock valued at $515,665,000 after buying an additional 94,374 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Teradyne by 16.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after buying an additional 393,175 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Teradyne by 4.0% in the fourth quarter. Invesco Ltd. now owns 2,403,193 shares of the company's stock worth $302,610,000 after acquiring an additional 92,195 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TER. 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 research report on Wednesday, March 12th. Northland Securities lowered their price objective on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Citigroup dropped their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Susquehanna reduced their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley dropped their price target on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock 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, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Teradyne has an average rating of "Moderate Buy" and an average target price of $117.56.

Teradyne Stock Down 1.8 %

Shares of NASDAQ:TER traded down $1.37 during trading on Tuesday, reaching $74.07. 2,202,748 shares of the company's stock traded hands, compared to its average volume of 2,570,657. The firm has a market cap of $11.91 billion, a PE ratio of 22.24, a P/E/G ratio of 2.83 and a beta of 1.70. The company has a 50-day simple moving average of $83.49 and a 200-day simple moving average of $106.51. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its 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. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The business had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same period in the prior year, the company posted $0.51 EPS. The business's quarterly revenue was up 14.3% on a year-over-year basis. On average, equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne declared that its board has authorized a stock repurchase program 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 stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are 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.