GAMMA Investing LLC Has $332,000 Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

GAMMA Investing LLC raised its stake in Teradyne, Inc. (NASDAQ:TER) by 16.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,021 shares of the company’s stock after purchasing an additional 576 shares during the period. GAMMA Investing LLC’s holdings in Teradyne were worth $332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL bought a new stake in shares of Teradyne during the 4th quarter worth about $34,000. AllSquare Wealth Management LLC lifted its position in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after acquiring an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Teradyne during the fourth quarter worth approximately $45,000. Atala Financial Inc bought a new stake in shares of Teradyne during the fourth quarter worth approximately $47,000. Finally, Sentry Investment Management LLC acquired a new position in shares of Teradyne in the first quarter valued at approximately $45,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Susquehanna dropped their price target on Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a report on Wednesday, April 30th. Morgan Stanley lowered their price objective on Teradyne from $81.00 to $69.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 16th. Vertical Research started coverage on Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 target price for the company. Bank of America reduced their target price on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Finally, KeyCorp reissued a “sector weight” rating on shares of Teradyne in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

Teradyne Price Performance

NASDAQ TER opened at $94.18 on Thursday. The business has a fifty day moving average price of $82.43 and a two-hundred day moving average price of $98.48. The stock has a market capitalization of $15.11 billion, a PE ratio of 26.60, a PEG ratio of 4.02 and a beta of 1.70. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. The company had revenue of $685.70 million during the quarter, compared to analysts’ expectations of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. Teradyne’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. As a group, sell-side analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were issued a $0.12 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.51%. Teradyne’s dividend payout ratio (DPR) is currently 13.56%.

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

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.