Teradyne, Inc. (NASDAQ:TER) is Aspex Management HK Ltd's 3rd Largest Position

Aspex Management HK Ltd boosted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 35.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,234,842 shares of the company's stock after purchasing an additional 847,409 shares during the period. Teradyne makes up approximately 11.0% of Aspex Management HK Ltd's holdings, making the stock its 3rd largest position. Aspex Management HK Ltd owned about 1.99% of Teradyne worth $407,331,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Roberts Glore & Co. Inc. IL lifted its stake in Teradyne by 2.2% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock worth $517,000 after acquiring an additional 90 shares during the period. Covestor Ltd raised its holdings in shares of Teradyne by 12.3% in the 4th quarter. Covestor Ltd now owns 901 shares of the company's stock valued at $113,000 after purchasing an additional 99 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock valued at $434,000 after purchasing an additional 105 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Teradyne by 4.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company's stock valued at $429,000 after buying an additional 119 shares during the period. Finally, Citizens Financial Group Inc. RI increased its holdings in Teradyne by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock valued at $283,000 after buying an additional 124 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Down 1.8 %

Shares of Teradyne stock traded down $1.37 on Tuesday, hitting $74.07. 2,202,748 shares of the company were exchanged, compared to its average volume of 2,572,625. The company has a 50-day moving average price of $83.49 and a 200 day moving average price of $106.51. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year 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. Research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

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

Wall Street Analysts Forecast Growth

TER has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research report on Wednesday, March 12th. Northland Securities reduced their target price on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Susquehanna lowered their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Finally, Morgan Stanley lowered 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Teradyne currently has an average rating of "Moderate Buy" and a consensus price target of $117.56.

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.