Coastline Trust Co Acquires New Position in Teradyne, Inc. (NASDAQ:TER)

Coastline Trust Co bought a new position in Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 340 shares of the company’s stock, valued at approximately $46,000.

Several other institutional investors also recently bought and sold shares of TER. Vanguard Group Inc. lifted its holdings in shares of Teradyne by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after acquiring an additional 135,286 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after purchasing an additional 57,989 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Teradyne by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after purchasing an additional 183,721 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Teradyne by 18.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after buying an additional 374,522 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Teradyne by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock worth $299,073,000 after buying an additional 47,157 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TER. JPMorgan Chase & Co. boosted their price target on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus decreased their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. 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 report on Friday, August 16th. Northland Securities decreased their price objective on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird cut their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and a consensus price target of $142.62.

Insider Transactions at Teradyne

In related news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. This trade represents a 14.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard John Burns sold 789 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the sale, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,352 shares of company stock valued at $1,899,353 over the last three months. Company insiders own 0.36% of the company’s stock.

Teradyne Stock Down 3.7 %

Teradyne stock opened at $102.58 on Monday. The firm has a 50-day moving average price of $122.33 and a two-hundred day moving average price of $132.25. The firm has a market capitalization of $16.71 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 2.22 and a beta of 1.52. Teradyne, Inc. has a 52-week low of $90.24 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million during 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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 earnings per share. Research analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.47%. Teradyne’s dividend payout ratio is currently 15.24%.

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