Lecap Asset Management Ltd. Invests $1.55 Million in Teradyne, Inc. (NASDAQ:TER)

Lecap Asset Management Ltd. acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 18,756 shares of the company’s stock, valued at approximately $1,549,000.

Other large investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Teradyne during the fourth quarter worth $34,000. AllSquare Wealth Management LLC grew its holdings in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Teradyne in the fourth quarter worth $45,000. Atala Financial Inc acquired a new stake in Teradyne in the fourth quarter worth $47,000. Finally, Sentry Investment Management LLC acquired a new stake in Teradyne in the first quarter worth $45,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

TER opened at $90.20 on Thursday. The firm has a market capitalization of $14.47 billion, a P/E ratio of 25.48, a PEG ratio of 3.95 and a beta of 1.69. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The company’s 50-day moving average is $80.42 and its 200 day moving average is $99.47.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The company had revenue of $685.70 million for the quarter, compared to analysts’ expectations of $680.54 million. During the same quarter in the previous year, the firm posted $0.51 EPS. Teradyne’s revenue was up 14.3% on a year-over-year basis. On average, equities research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its board has initiated a stock repurchase plan on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were paid a $0.12 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.53%. Teradyne’s payout ratio is 13.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Vertical Research assumed coverage on shares of Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price target for the company. Stifel Nicolaus reduced their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, March 12th. Morgan Stanley reduced their price target on shares of Teradyne from $81.00 to $69.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $120.00 to $92.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Cantor Fitzgerald lifted their price objective on shares of Teradyne from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.33.

Teradyne 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.