Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC boosted its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 2,216.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 272,490 shares of the company's stock after purchasing an additional 260,725 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.17% of Teradyne worth $34,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TER. Vanguard Group Inc. lifted its position in Teradyne by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock worth $2,569,511,000 after buying an additional 92,428 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the period. Geode Capital Management LLC raised its holdings in shares of Teradyne by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock worth $515,665,000 after acquiring an additional 94,374 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Teradyne by 16.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after purchasing an additional 393,175 shares during the period. Finally, Invesco Ltd. increased its position in Teradyne by 4.0% during the fourth quarter. Invesco Ltd. now owns 2,403,193 shares of the company's stock worth $302,610,000 after purchasing an additional 92,195 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TER. UBS Group set a $130.00 target price on shares of Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. Vertical Research started coverage on Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 target price for the company. JPMorgan Chase & Co. decreased 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. Northland Securities cut their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Finally, Bank of America reduced their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Two 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $117.56.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,384 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the transaction, the chief financial officer now owns 36,576 shares in the company, valued at $4,077,858.24. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction dated 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 owns 25,191 shares in the company, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,045 shares of company stock valued at $227,997 over the last quarter. 0.16% of the stock is owned by insiders.

Teradyne Stock Performance

TER stock traded up $2.10 during mid-day trading on Friday, reaching $75.88. The company had a trading volume of 2,526,831 shares, compared to its average volume of 2,572,964. The firm has a fifty day simple moving average of $84.28 and a 200 day simple moving average of $107.15. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week 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 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $680.54 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm's quarterly revenue was up 14.3% on a year-over-year basis. As a group, analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne declared that its Board of Directors has initiated a share repurchase program on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Teradyne Company 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.