LMR Partners LLP Grows Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

LMR Partners LLP boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 304.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 328,378 shares of the company's stock after buying an additional 247,175 shares during the period. Teradyne makes up about 0.4% of LMR Partners LLP's investment portfolio, making the stock its 26th largest holding. LMR Partners LLP owned 0.20% of Teradyne worth $41,349,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of 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 buying an additional 1,846,079 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Teradyne during the fourth quarter valued at about $12,118,000. Franklin Resources Inc. raised its holdings in Teradyne by 30.5% during the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock valued at $11,878,000 after acquiring an additional 20,762 shares during the period. Empowered Funds LLC raised its holdings in Teradyne by 16.2% during the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock valued at $3,811,000 after acquiring an additional 4,212 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in Teradyne by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock valued at $51,398,000 after acquiring an additional 13,020 shares during the period. Institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

Shares of NASDAQ TER traded down $0.26 during midday trading on Friday, reaching $82.73. 2,181,891 shares of the stock were exchanged, compared to its average volume of 2,595,832. The company has a 50 day simple moving average of $78.97 and a 200 day simple moving average of $104.35. The stock has a market capitalization of $13.27 billion, a P/E ratio of 24.84, a PEG ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21.

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

Teradyne declared that its Board of Directors has approved a stock buyback plan on Monday, April 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The business 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. The ex-dividend date is Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.58%. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Citigroup reduced their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Cantor Fitzgerald reduced their target price on Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Susquehanna dropped their price target on Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. Finally, Bank of America dropped their price target on Teradyne from $100.00 to $85.00 and set an "underperform" 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 given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.