Paloma Partners Management Co Has $10.39 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Paloma Partners Management Co grew its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 12,933.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,500 shares of the company's stock after purchasing an additional 81,867 shares during the period. Paloma Partners Management Co owned about 0.05% of Teradyne worth $10,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TER. Anchor Investment Management LLC acquired a new stake in Teradyne in the 3rd quarter worth $95,000. Wilmington Savings Fund Society FSB bought a new position in shares of Teradyne during the 3rd quarter worth about $81,000. Tidal Investments LLC lifted its holdings in shares of Teradyne by 61.6% during the 3rd quarter. Tidal Investments LLC now owns 18,197 shares of the company's stock worth $2,437,000 after acquiring an additional 6,933 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after acquiring an additional 20,762 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of Teradyne by 4.1% during the 3rd quarter. Retirement Systems of Alabama now owns 35,836 shares of the company's stock worth $4,800,000 after acquiring an additional 1,399 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

In related news, CFO Sanjay Mehta sold 1,384 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $154,302.16. Following the sale, the chief financial officer now owns 36,576 shares of the company's stock, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 445 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the sale, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,096 shares of company stock worth $335,199 in the last three months. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TER shares. Citigroup reduced their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. TD Cowen reduced their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Bank of America reduced their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Stifel Nicolaus reduced their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $118.94.

Teradyne Stock Performance

Shares of TER opened at $76.83 on Tuesday. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.83 and a beta of 1.65. The business's fifty day moving average price is $87.49 and its two-hundred day moving average price is $108.38. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results 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 return on equity of 19.08% and a net margin of 19.23%. The business had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. As a group, research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its board has initiated a stock buyback plan on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.

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