GAMMA Investing LLC Increases Stake in Teradyne, Inc. (NASDAQ:TER)

GAMMA Investing LLC grew its position in Teradyne, Inc. (NASDAQ:TER) by 3.1% during the 4th quarter, Holdings Channel reports. The fund owned 3,445 shares of the company’s stock after buying an additional 105 shares during the quarter. GAMMA Investing LLC’s holdings in Teradyne were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new stake in Teradyne in the second quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne in the 3rd quarter valued at approximately $29,000. Quarry LP boosted its stake in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after buying an additional 169 shares in the last quarter. Coastline Trust Co purchased a new stake in shares of Teradyne in the third quarter valued at approximately $46,000. Finally, Brooklyn Investment Group acquired a new position in Teradyne during the third quarter worth $52,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Up 3.2 %

NASDAQ TER opened at $130.60 on Monday. Teradyne, Inc. has a fifty-two week low of $92.29 and a fifty-two week high of $163.21. The business has a fifty day moving average of $115.70 and a 200-day moving average of $127.76. The stock 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 (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share 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 previous year, the company posted $0.80 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne declared that its Board of Directors has authorized a share repurchase program on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were given a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 0.37%. Teradyne’s dividend payout ratio (DPR) is currently 15.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Northland Securities decreased 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. Craig Hallum dropped their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Evercore ISI boosted their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.25.

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.