Parnassus Investments LLC Has $29.91 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Parnassus Investments LLC lowered its position in Teradyne, Inc. (NASDAQ:TER) by 19.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,335 shares of the company’s stock after selling 52,317 shares during the quarter. Parnassus Investments LLC’s holdings in Teradyne were worth $29,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Blair William & Co. IL increased its holdings in shares of Teradyne by 0.6% during the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after acquiring an additional 83 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Teradyne by 0.7% in the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after purchasing an additional 135,286 shares during the last quarter. Covestor Ltd raised its position in shares of Teradyne by 10.2% in the first quarter. Covestor Ltd now owns 1,162 shares of the company’s stock valued at $131,000 after purchasing an additional 108 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Teradyne by 17.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,215 shares of the company’s stock worth $701,000 after buying an additional 942 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Teradyne by 17.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock worth $37,887,000 after buying an additional 50,156 shares during the period. Institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TER shares. Craig Hallum lowered their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Susquehanna lifted their price target on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Stifel Nicolaus decreased their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Finally, Citigroup decreased their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $142.62.

Teradyne Stock Up 1.5 %

TER stock opened at $104.15 on Tuesday. The company’s 50-day moving average price is $121.93 and its two-hundred day moving average price is $132.16. The firm has a market cap of $16.96 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.22 and a beta of 1.52. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $716.40 million. During the same period last year, the firm posted $0.80 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.46%. Teradyne’s dividend payout ratio (DPR) is currently 15.24%.

Teradyne declared that its board has initiated a stock repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Teradyne news, insider Richard John Burns sold 789 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the sale, the insider now owns 21,864 shares in the company, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,199 shares of company stock worth $1,080,634 in the last ninety days. 0.18% of the stock is owned by 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.