2,401 Shares in Teradyne, Inc. (NASDAQ:TER) Purchased by Truvestments Capital LLC

Truvestments Capital LLC bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,401 shares of the company’s stock, valued at approximately $322,000.

Other large investors also recently made changes to their positions in the company. Swedbank AB raised its holdings in shares of Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after acquiring an additional 426,900 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after purchasing an additional 374,522 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Teradyne by 70.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company’s stock worth $99,404,000 after purchasing an additional 307,724 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Teradyne by 4,695.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company’s stock valued at $43,041,000 after buying an additional 284,197 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of Teradyne in the 2nd quarter valued at approximately $41,467,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Up 2.3 %

Shares of TER stock opened at $110.67 on Tuesday. The firm has a market capitalization of $18.02 billion, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 2.34 and a beta of 1.52. Teradyne, Inc. has a 1 year low of $90.24 and a 1 year high of $163.21. The firm’s fifty day simple moving average is $119.65 and its 200 day simple moving average is $131.62.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping 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 company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same period last year, the business posted $0.80 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a share repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Teradyne Dividend Announcement

The company 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 $0.12 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne’s dividend payout ratio is currently 15.24%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’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 $409,024.00. Following the completion of the transaction, the chief executive officer now owns 80,736 shares in the company, valued at $10,721,740.80. This trade represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 in the company, valued at $2,204,987.82. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,199 shares of company stock worth $1,080,634. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TER has been the topic of several recent research reports. Robert W. Baird cut their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Craig Hallum reduced their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Evercore ISI increased their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Stifel Nicolaus reduced their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Finally, Northland Securities lowered their price objective 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 research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $142.62.

Teradyne 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.