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

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

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bfsg LLC purchased a new position in Teradyne during the 1st quarter valued at about $34,000. American National Bank acquired a new stake in shares of Teradyne during the 4th quarter valued at about $37,000. Cambridge Trust Co. acquired a new stake in shares of Teradyne during the 4th quarter valued at about $38,000. Mather Group LLC. acquired a new stake in shares of Teradyne during the 1st quarter valued at about $53,000. Finally, Advantage Trust Co acquired a new stake in Teradyne in the 4th quarter worth approximately $54,000. 99.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $137.64, for a total value of $688,888.20. Following the completion of the transaction, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other 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 transaction, the director now directly owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction, the insider now directly 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 insiders.

Teradyne Stock Down 0.8 %

TER traded down $0.95 during mid-day trading on Monday, reaching $116.32. 2,058,297 shares of the company traded hands, compared to its average volume of 2,091,990. The stock has a market capitalization of $18.16 billion, a P/E ratio of 44.59, a P/E/G ratio of 2.41 and a beta of 1.50. The company’s fifty day moving average price is $145.08 and its 200-day moving average price is $122.15. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. Teradyne’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on TER. KeyCorp boosted their target price on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. UBS Group upped their price target on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Susquehanna boosted their price objective on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Evercore ISI lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group increased their target price on Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $142.93.

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.