LMR Partners LLP Grows Position in Teradyne, Inc. (NASDAQ:TER)

LMR Partners LLP boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 304.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 328,378 shares of the company’s stock after purchasing an additional 247,175 shares during the period. Teradyne makes up approximately 0.4% of LMR Partners LLP’s portfolio, making the stock its 26th biggest holding. LMR Partners LLP owned approximately 0.20% of Teradyne worth $41,349,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TER. Compass Financial Services Inc purchased a new position in shares of Teradyne in the 4th quarter valued at $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in Teradyne in the 4th quarter valued at $34,000. AllSquare Wealth Management LLC raised its position in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after purchasing an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Teradyne during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Vertical Research began coverage on Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 target price on the stock. Citigroup dropped their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. decreased their target price on shares of Teradyne from $120.00 to $92.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Susquehanna lowered their price target on shares of Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a report on Wednesday, April 30th. Finally, Morgan Stanley cut their price objective on shares of Teradyne from $81.00 to $69.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.56.

Teradyne Trading Up 0.8%

NASDAQ:TER opened at $77.42 on Monday. The stock has a 50 day moving average of $80.93 and a 200-day moving average of $105.24. The firm has a market capitalization of $12.42 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last posted its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The firm had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. During the same period in the previous year, the business posted $0.51 EPS. Teradyne’s revenue was up 14.3% on a year-over-year basis. As a group, analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, May 22nd. Teradyne’s payout ratio is currently 13.56%.

Teradyne announced that its board has approved a share repurchase program 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 stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are 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.