Quantinno Capital Management LP Acquires 13,694 Shares of Teradyne, Inc. (NASDAQ:TER)

Quantinno Capital Management LP raised its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 25.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 66,584 shares of the company's stock after buying an additional 13,694 shares during the period. Quantinno Capital Management LP's holdings in Teradyne were worth $8,384,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Panoramic Capital LLC acquired a new stake in Teradyne in the fourth quarter valued at approximately $3,148,000. Mufg Securities Americas Inc. acquired a new stake in Teradyne in the 4th quarter valued at $303,000. Nissay Asset Management Corp Japan ADV increased its holdings in Teradyne by 6.2% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 82,816 shares of the company's stock worth $10,645,000 after acquiring an additional 4,869 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Teradyne during the fourth quarter worth $675,000. Finally, OMERS ADMINISTRATION Corp lifted its holdings in Teradyne by 21.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 6,414 shares of the company's stock valued at $808,000 after purchasing an additional 1,112 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on TER shares. Morgan Stanley cut their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Northland Securities lowered their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Stifel Nicolaus reduced their target price on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. KeyCorp restated a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lowered their price target on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, Teradyne presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.56.

Teradyne Price Performance

TER traded up $0.07 on Wednesday, reaching $81.49. 441,868 shares of the company traded hands, compared to its average volume of 3,270,404. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 2.83 and a beta of 1.70. The stock's 50 day moving average price is $78.78 and its 200-day moving average price is $103.97. 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 issued its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $680.54 million. During the same quarter last year, the business posted $0.51 EPS. The company's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

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

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.59%. The ex-dividend date is Thursday, May 22nd. Teradyne's payout ratio is currently 13.56%.

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.