Voya Investment Management LLC Grows Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Voya Investment Management LLC increased its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,501 shares of the company's stock after acquiring an additional 4,071 shares during the quarter. Voya Investment Management LLC owned about 0.07% of Teradyne worth $13,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TER. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Teradyne by 3.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 5,258 shares of the company's stock worth $664,000 after purchasing an additional 177 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Teradyne by 182.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 152,124 shares of the company's stock worth $19,155,000 after acquiring an additional 98,300 shares during the last quarter. Symmetry Investments LP bought a new position in shares of Teradyne during the fourth quarter valued at $5,276,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Teradyne by 62.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 104,034 shares of the company's stock worth $13,100,000 after purchasing an additional 40,098 shares during the last quarter. Finally, MGO One Seven LLC boosted its stake in Teradyne by 25.1% in the 4th quarter. MGO One Seven LLC now owns 5,156 shares of the company's stock worth $649,000 after purchasing an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

TER traded down $0.43 during trading on Thursday, reaching $73.78. 3,041,148 shares of the company traded hands, compared to its average volume of 2,575,867. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The firm has a fifty day simple moving average of $85.79 and a 200 day simple moving average of $107.91. The company has a market cap of $11.87 billion, a P/E ratio of 22.16, a PEG ratio of 2.83 and a beta of 1.65.

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, beating 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 net margin of 19.23% and a return on equity of 19.08%. Teradyne's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. As a group, sell-side analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne declared that its Board of Directors has approved a stock repurchase plan on Monday, April 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,384 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the sale, the chief financial officer now directly owns 36,576 shares in the company, valued at $4,077,858.24. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the transaction, the insider now directly owns 25,191 shares of the company's stock, valued at $2,808,544.59. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,045 shares of company stock worth $227,997. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on TER. Citigroup dropped their target price on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Susquehanna reduced their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday. TD Cowen lowered their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Bank of America reduced their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $117.56.

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.