Teradyne, Inc. (NASDAQ:TER) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 128.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,297 shares of the company’s stock after purchasing an additional 1,291 shares during the period. GAMMA Investing LLC’s holdings in Teradyne were worth $341,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TER. Cetera Advisors LLC purchased a new position in Teradyne in the 1st quarter valued at approximately $427,000. Cetera Investment Advisers increased its stake in shares of Teradyne by 161.6% during the first quarter. Cetera Investment Advisers now owns 19,075 shares of the company’s stock worth $2,152,000 after acquiring an additional 11,782 shares during the period. PGGM Investments grew its position in Teradyne by 1.5% during the first quarter. PGGM Investments now owns 37,450 shares of the company’s stock worth $4,225,000 after buying an additional 550 shares during the period. Swedbank AB acquired a new position in Teradyne during the first quarter worth about $24,226,000. Finally, LRI Investments LLC acquired a new stake in shares of Teradyne in the first quarter valued at approximately $68,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Down 0.8 %

NASDAQ:TER traded down $0.95 during mid-day trading on Monday, reaching $116.32. 2,058,297 shares of the company were exchanged, compared to its average volume of 2,091,990. The stock has a market cap of $18.16 billion, a PE ratio of 44.59, a PEG ratio of 2.41 and a beta of 1.50. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The company has a fifty day moving average of $145.08 and a 200 day moving average of $122.15.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. On average, equities research analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. Teradyne’s dividend payout ratio is 18.25%.

Insider Activity at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the sale, the director now directly owns 18,393 shares in the company, valued at approximately $2,645,649.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the sale, the director now directly owns 18,393 shares in the company, valued at approximately $2,645,649.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard John Burns sold 5,005 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the sale, the insider now owns 21,780 shares in the company, valued at $2,997,799.20. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Robert W. Baird boosted their price target on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Citigroup cut their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price for the company. in a research report on Friday, July 26th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $180.00 target price on shares of Teradyne in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $142.93.

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.