By otakuyassine3@gmail.com 
Wilmington Savings Fund Society FSB purchased a new position in Teradyne, Inc. (NASDAQ:TER – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 602 shares of the company’s stock, valued at approximately $81,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Anchor Investment Management LLC bought a new stake in shares of Teradyne during the third quarter valued at approximately $95,000. TD Private Client Wealth LLC increased its holdings in Teradyne by 0.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after acquiring an additional 108 shares during the last quarter. Toronto Dominion Bank lifted its stake in Teradyne by 64.3% in the 3rd quarter. Toronto Dominion Bank now owns 86,164 shares of the company’s stock worth $11,540,000 after purchasing an additional 33,714 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Teradyne during the 3rd quarter valued at about $244,000. Finally, Coldstream Capital Management Inc. grew its position in shares of Teradyne by 5.2% during the third quarter. Coldstream Capital Management Inc. now owns 3,178 shares of the company’s stock valued at $421,000 after purchasing an additional 156 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares in the company, valued at $2,903,539.20. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $409,024.00. Following the sale, the chief executive officer now owns 80,736 shares of the company’s stock, valued at $10,721,740.80. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,494 shares of company stock worth $596,803 in the last 90 days. 0.18% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts recently weighed in on TER shares. Northland Securities cut their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. Robert W. Baird reduced their target price 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. Stifel Nicolaus lowered their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Craig Hallum dropped their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Finally, Evercore ISI upped their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.25.
Teradyne Price Performance
TER stock opened at $125.95 on Friday. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21. The business has a 50-day moving average price of $114.82 and a 200 day moving average price of $129.20. The company has a market capitalization of $20.51 billion, a P/E ratio of 39.98, a PEG ratio of 2.66 and a beta of 1.51.
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, beating the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.
Teradyne announced that its board has approved a stock buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Teradyne Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Monday, November 25th. Teradyne’s payout ratio is currently 15.24%.
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.
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