Lighthouse Investment Partners LLC Buys 6,386 Shares of Teradyne, Inc. (NASDAQ:TER)

Lighthouse Investment Partners LLC lifted its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 113.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,000 shares of the company's stock after buying an additional 6,386 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Teradyne were worth $1,511,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TER. Compass Financial Services Inc bought a new stake in Teradyne during the 4th quarter worth about $33,000. Strategic Investment Solutions Inc. IL bought a new stake in Teradyne during the 4th quarter worth about $34,000. AllSquare Wealth Management LLC raised its holdings in Teradyne by 200.0% during the 4th 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 last quarter. Manchester Capital Management LLC raised its holdings in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after purchasing an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Teradyne during the 4th quarter worth about $45,000. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TER shares. Cantor Fitzgerald dropped their price objective on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Stifel Nicolaus dropped their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Bank of America dropped their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. TD Cowen decreased their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Finally, Citigroup decreased their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of "Moderate Buy" and an average price target of $117.56.

Teradyne Trading Down 0.3%

Shares of TER stock traded down $0.26 during trading hours on Friday, hitting $82.73. 2,181,891 shares of the company were exchanged, compared to its average volume of 2,595,832. The business has a 50 day moving average of $78.97 and a two-hundred day moving average of $104.35. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21. The company has a market capitalization of $13.27 billion, a PE ratio of 24.84, a PEG ratio of 2.83 and a beta of 1.70.

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

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

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is currently 13.56%.

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.