Susquehanna Fundamental Investments LLC Takes $11.76 Million Position in Teradyne, Inc. (NASDAQ:TER)

Susquehanna Fundamental Investments LLC bought a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 93,375 shares of the company's stock, valued at approximately $11,758,000. Susquehanna Fundamental Investments LLC owned 0.06% of Teradyne as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new position in Teradyne during the 3rd quarter valued at approximately $95,000. Wilmington Savings Fund Society FSB bought a new stake in Teradyne in the third quarter valued at $81,000. Tidal Investments LLC boosted its holdings in shares of Teradyne by 61.6% during the third quarter. Tidal Investments LLC now owns 18,197 shares of the company's stock valued at $2,437,000 after acquiring an additional 6,933 shares during the period. Franklin Resources Inc. grew its position in shares of Teradyne by 30.5% during the third 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 last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Teradyne by 4.1% in 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 owned by institutional investors.

Teradyne Price Performance

Shares of TER traded up $2.65 during trading hours on Friday, hitting $76.43. 901,541 shares of the company were exchanged, compared to its average volume of 2,566,246. The firm has a fifty day simple moving average of $84.99 and a 200-day simple moving average of $107.50. The company has a market capitalization of $12.29 billion, a PE ratio of 22.95, a PEG ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating 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 business 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 EPS. The firm's quarterly revenue was up 14.3% on a year-over-year basis. Sell-side analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on TER. UBS Group set a $130.00 price target on shares of Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Citigroup decreased their price target on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Vertical Research started coverage on shares of Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 price objective on the stock. Finally, Northland Securities decreased their target price on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Teradyne has a consensus rating of "Moderate Buy" and an average target price of $117.56.

Insider Activity at Teradyne

In related news, insider Richard John Burns sold 445 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 25,191 shares in the company, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the transaction, the chief financial officer now directly owns 36,576 shares in the company, valued at approximately $4,077,858.24. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,045 shares of company stock valued at $227,997. Corporate insiders own 0.16% of the company's stock.

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.