Tower Research Capital LLC TRC Raises Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Tower Research Capital LLC TRC raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 265.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,679 shares of the company's stock after acquiring an additional 17,928 shares during the period. Tower Research Capital LLC TRC's holdings in Teradyne were worth $3,108,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Teradyne in the fourth quarter worth approximately $12,118,000. Franklin Resources Inc. increased its stake in shares of Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after buying an additional 20,762 shares during the period. Empowered Funds LLC raised its holdings in Teradyne by 16.2% during the 4th quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock valued at $3,811,000 after buying an additional 4,212 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its position in Teradyne by 3.3% during the 4th quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock valued at $51,398,000 after buying an additional 13,020 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Sanjay Mehta sold 1,789 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 445 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the sale, the insider now owns 25,191 shares of the company's stock, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,399 shares of company stock valued at $612,734. Company insiders own 0.16% of the company's stock.

Teradyne Trading Up 5.6 %

TER stock traded up $4.12 during midday trading on Thursday, hitting $77.30. The company's stock had a trading volume of 3,576,370 shares, compared to its average volume of 2,577,286. The firm's 50-day moving average is $89.03 and its 200-day moving average is $109.42. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The company has a market cap of $12.43 billion, a PE ratio of 23.21, a P/E/G ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. 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, March 14th. Investors of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio is currently 14.41%.

Analysts Set New Price Targets

Several brokerages have recently commented on TER. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Northland Securities dropped their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. TD Cowen reduced their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird dropped their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Finally, Bank of America reduced their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Teradyne has an average rating of "Moderate Buy" and a consensus price target of $118.94.

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.