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

GAMMA Investing LLC increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 45.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,340 shares of the company’s stock after purchasing an additional 1,043 shares during the quarter. GAMMA Investing LLC’s holdings in Teradyne were worth $447,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TER. Mitchell & Pahl Private Wealth LLC increased its position in shares of Teradyne by 1.1% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock worth $1,074,000 after purchasing an additional 79 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Teradyne by 0.6% during the first quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after acquiring an additional 83 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Teradyne by 17.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $97,000 after purchasing an additional 96 shares during the last quarter. Wealth Alliance boosted its stake in Teradyne by 3.3% in the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock worth $451,000 after purchasing an additional 98 shares in the last quarter. Finally, Quent Capital LLC grew its position in Teradyne by 6.0% during the 2nd quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock worth $277,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 0.8 %

Shares of TER opened at $130.47 on Thursday. The firm has a market cap of $21.29 billion, a P/E ratio of 49.61, a PEG ratio of 2.67 and a beta of 1.49. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The stock’s 50 day moving average is $128.85 and its two-hundred day moving average is $130.60.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million during 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 firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 EPS. Equities research analysts forecast that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TER. JPMorgan Chase & Co. raised their price target on shares of Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Craig Hallum cut Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target for the company. in a research report on Friday, July 26th. Northland Securities cut their price objective on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. StockNews.com lowered shares of Teradyne from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Citigroup dropped their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $142.57.

Insider Activity at Teradyne

In other news, insider Richard John Burns sold 789 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the sale, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 789 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,977 shares of company stock valued at $1,979,834. 0.36% of the stock is owned by insiders.

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.