Zweig DiMenna Associates LLC Buys 25,858 Shares of Teradyne, Inc. (NASDAQ:TER)

Zweig DiMenna Associates LLC boosted its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 21.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,658 shares of the company's stock after acquiring an additional 25,858 shares during the quarter. Teradyne accounts for approximately 2.0% of Zweig DiMenna Associates LLC's investment portfolio, making the stock its 14th biggest holding. Zweig DiMenna Associates LLC owned approximately 0.09% of Teradyne worth $19,776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in Teradyne in the 2nd quarter valued at $27,000. Rothschild Investment LLC bought a new position in shares of Teradyne in the second quarter valued at about $33,000. Quarry LP lifted its stake in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company's stock worth $35,000 after buying an additional 169 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock worth $40,000 after buying an additional 118 shares during the period. Finally, Versant Capital Management Inc grew its stake in Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company's stock valued at $52,000 after buying an additional 342 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. Northland Capmk downgraded shares of Teradyne from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 18th. Northland Securities reduced their price target on Teradyne from $126.00 to $117.00 and set a "market perform" rating for the company in a research note on Friday. Stifel Nicolaus lowered their price objective on Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Teradyne from $120.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, July 23rd. Finally, Citigroup lowered their price target on shares of Teradyne from $185.00 to $162.00 and set a "buy" rating on the stock in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Teradyne currently has an average rating of "Hold" and a consensus target price of $138.71.

Insider Activity

In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the business's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares of the company's stock, valued at approximately $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares of the company's stock, valued at $10,896,080. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Mehta sold 6,153 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares of the company's stock, valued at $4,768,072.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,977 shares of company stock worth $1,979,834. Corporate insiders own 0.36% of the company's stock.

Teradyne Price Performance

TER traded up $1.03 during trading on Friday, hitting $111.75. 3,572,674 shares of the stock traded hands, compared to its average volume of 2,021,266. The business has a 50 day moving average price of $129.84 and a 200 day moving average price of $131.70. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21. The company has a market cap of $18.24 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.57 and a beta of 1.49.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million during the quarter, compared to analysts' expectations of $716.40 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. Teradyne's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS. On average, equities research analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne's dividend payout ratio (DPR) is currently 15.79%.

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.