Teradyne, Inc. (NASDAQ:TER) Shares Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. grew its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 63.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,900 shares of the company's stock after buying an additional 65,800 shares during the quarter. Polar Asset Management Partners Inc. owned about 0.10% of Teradyne worth $21,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Compass Financial Services Inc acquired a new stake in shares of Teradyne during the 4th quarter valued at about $33,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Teradyne during the 4th quarter worth about $34,000. AllSquare Wealth Management LLC grew its position in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after acquiring an additional 200 shares during the period. Manchester Capital Management LLC raised its stake in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after acquiring an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Teradyne in the fourth quarter valued at about $45,000. Institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TER shares. Bank of America lowered their price target on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Robert W. Baird reduced their price target on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. TD Cowen decreased their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Morgan Stanley dropped their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup dropped their price objective on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Two investment 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $117.56.

Teradyne Stock Down 0.7%

Shares of TER opened at $84.27 on Thursday. The company has a 50-day simple moving average of $79.49 and a 200-day simple moving average of $104.75. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The company has a market capitalization of $13.52 billion, a PE ratio of 25.31, a P/E/G ratio of 2.83 and a beta of 1.70.

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

Teradyne announced that its board has authorized a share buyback program on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Teradyne Announces Dividend

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 0.57%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's payout ratio is currently 13.56%.

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.

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