Boothbay Fund Management LLC Boosts Stock Position in Teradyne, Inc. (NASDAQ:TER)

Boothbay Fund Management LLC boosted its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 104.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,087 shares of the company's stock after buying an additional 51,610 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.06% of Teradyne worth $12,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Anchor Investment Management LLC purchased a new position in Teradyne in the 3rd quarter worth $95,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Teradyne in the third quarter worth about $81,000. Tidal Investments LLC lifted its stake in shares of Teradyne by 61.6% in the 3rd quarter. Tidal Investments LLC now owns 18,197 shares of the company's stock valued at $2,437,000 after acquiring an additional 6,933 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock valued at $11,878,000 after acquiring an additional 20,762 shares during the period. Finally, Retirement Systems of Alabama grew its position in Teradyne by 4.1% during the 3rd quarter. Retirement Systems of Alabama now owns 35,836 shares of the company's stock worth $4,800,000 after acquiring an additional 1,399 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on TER shares. Vertical Research started coverage on Teradyne in a research report on Friday, March 7th. They issued a "buy" rating and a $135.00 price objective for the company. Bank of America lowered their price target on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price objective on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Susquehanna dropped their target price on shares of Teradyne from $165.00 to $155.00 and set a "positive" rating for the company in a report on Wednesday, March 12th. Finally, TD Cowen reduced their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Teradyne has an average rating of "Moderate Buy" and a consensus price target of $118.94.

Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 445 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the transaction, the insider now directly owns 25,191 shares of the company's stock, valued at $2,808,544.59. This represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the sale, the chief financial officer now owns 36,576 shares of the company's stock, valued at $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,096 shares of company stock valued at $335,199 in the last quarter. 0.16% of the stock is owned by insiders.

Teradyne Trading Down 2.5 %

TER traded down $1.94 during midday trading on Tuesday, reaching $74.89. The company's stock had a trading volume of 4,966,322 shares, compared to its average volume of 2,565,911. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The stock's 50-day moving average is $87.49 and its 200-day moving average is $108.38. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.14. The company had revenue of $685.70 million for the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne declared that its board has authorized a stock repurchase plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

About Teradyne

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.