GAMMA Investing LLC Boosts Holdings in Teradyne, Inc. (NASDAQ:TER)

GAMMA Investing LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,445 shares of the company’s stock after buying an additional 105 shares during the period. GAMMA Investing LLC’s holdings in Teradyne were worth $434,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. increased its position in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after acquiring an additional 88 shares during the period. Wealth Alliance increased its holdings in Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock worth $451,000 after purchasing an additional 98 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after purchasing an additional 103 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after buying an additional 104 shares during the period. Finally, TD Private Client Wealth LLC grew its position in shares of Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after buying an additional 108 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TER has been the topic of several analyst reports. Craig Hallum reduced their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Northland Securities reduced their price objective on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus cut their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $147.25.

Teradyne Stock Up 3.2 %

TER opened at $130.60 on Monday. The firm has a market cap of $21.27 billion, a price-to-earnings ratio of 41.46, a price-to-earnings-growth ratio of 2.66 and a beta of 1.51. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21. The business’s 50 day moving average is $115.70 and its two-hundred day moving average is $127.76.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same quarter in the prior year, the firm earned $0.80 EPS. Teradyne’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio is presently 15.24%.

Teradyne declared that its Board of Directors has authorized a stock repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.