Zweig DiMenna Associates LLC Has $23.95 Million Position in Teradyne, Inc. (NASDAQ:TER)

Zweig DiMenna Associates LLC boosted its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 28.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 190,158 shares of the company's stock after buying an additional 42,500 shares during the quarter. Teradyne accounts for about 1.8% of Zweig DiMenna Associates LLC's investment portfolio, making the stock its 12th largest position. Zweig DiMenna Associates LLC owned approximately 0.12% of Teradyne worth $23,945,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Teradyne during the 3rd quarter worth approximately $29,000. Quarry LP grew its position in Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company's stock worth $35,000 after purchasing an additional 169 shares in the last quarter. Coastline Trust Co purchased a new position in Teradyne during the 3rd quarter worth approximately $46,000. Brooklyn Investment Group purchased a new position in shares of Teradyne during the 3rd quarter valued at $52,000. Finally, Eastern Bank purchased a new position in shares of Teradyne during the 3rd quarter valued at $67,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction dated Friday, January 3rd. 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 74,660 shares of the company's stock, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on TER. Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Morgan Stanley cut shares of Teradyne from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $121.00 to $117.00 in a report on Tuesday. Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Evercore ISI lifted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus reduced their price objective on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $149.31.

Teradyne Stock Performance

Shares of TER traded down $1.91 during trading hours on Friday, reaching $129.92. 2,253,956 shares of the company traded hands, compared to its average volume of 2,308,909. The stock's fifty day moving average is $123.40 and its 200 day moving average is $126.81. The stock has a market cap of $21.16 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, equities research analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne announced that its Board of Directors has authorized a stock buyback program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 0.37%. Teradyne's payout ratio is currently 15.24%.

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.