602 Shares in Teradyne, Inc. (NASDAQ:TER) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new position in Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, HoldingsChannel reports. The fund acquired 602 shares of the company’s stock, valued at approximately $81,000.

Several other large investors also recently bought and sold shares of the company. Whittier Trust Co. increased its holdings in shares of Teradyne by 10.2% in the third 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 last quarter. Wealth Alliance grew its holdings in Teradyne by 3.3% in the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after buying an additional 98 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock worth $149,000 after acquiring an additional 103 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after acquiring an additional 104 shares during the period. Finally, TD Private Client Wealth LLC boosted its position in shares of Teradyne by 0.5% during 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. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Craig Hallum reduced their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Robert W. Baird reduced their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Northland Securities lowered their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. Evercore ISI raised their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.25.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the 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. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the transaction, the director now directly owns 15,893 shares of the company’s stock, valued at $2,110,590.40. The trade was a 3.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,494 shares of company stock valued at $596,803 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Teradyne Price Performance

Teradyne stock opened at $125.95 on Friday. The stock’s 50 day moving average price is $114.82 and its 200 day moving average price is $129.20. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21. The company has a market cap of $20.51 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.66 and a beta of 1.51.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The firm 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 firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, equities research analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is 15.24%.

Teradyne declared that its board has authorized a stock buyback program on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.