Meeder Asset Management Inc. Raises Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Meeder Asset Management Inc. increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 20.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,799 shares of the company’s stock after purchasing an additional 5,595 shares during the quarter. Meeder Asset Management Inc.’s holdings in Teradyne were worth $4,393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC increased its holdings in shares of Teradyne by 1.1% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after acquiring an additional 79 shares during the last quarter. Blair William & Co. IL lifted its stake in Teradyne by 0.6% in the first quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after buying an additional 83 shares during the last quarter. Whittier Trust Co. boosted its stake in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after purchasing an additional 88 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Teradyne by 17.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $97,000 after buying an additional 96 shares during the period. Finally, Wealth Alliance raised its stake in Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

Teradyne stock opened at $104.15 on Tuesday. The company has a market cap of $16.96 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 2.22 and a beta of 1.52. Teradyne, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $163.21. The firm’s 50 day simple moving average is $121.93 and its 200-day simple moving average is $132.16.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 EPS. On average, analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 0.46%. Teradyne’s payout ratio is presently 15.24%.

Teradyne declared that its Board of Directors has authorized a stock repurchase plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 0.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have recently issued reports on TER shares. Susquehanna increased their price target on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Evercore ISI raised their target price 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. Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Northland Securities dropped their target price on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus target price of $142.62.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. This represents a 3.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the sale, the director now directly owns 16,518 shares of the company’s stock, valued at $2,204,987.82. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,199 shares of company stock valued at $1,080,634 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

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.