Fisher Asset Management LLC Buys 222 Shares of Teradyne, Inc. (NASDAQ:TER)

Fisher Asset Management LLC grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 0.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 147,031 shares of the company’s stock after buying an additional 222 shares during the quarter. Fisher Asset Management LLC owned approximately 0.09% of Teradyne worth $19,692,000 as of its most recent SEC filing.

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

Teradyne Trading Down 0.9 %

Shares of NASDAQ TER opened at $108.09 on Thursday. The firm has a market capitalization of $17.60 billion, a P/E ratio of 34.31, a P/E/G ratio of 2.39 and a beta of 1.52. The firm’s 50-day moving average price is $118.84 and its 200-day moving average price is $131.36. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. During the same period in the prior year, the business earned $0.80 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current 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 issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.44%. Teradyne’s payout ratio is 15.24%.

Teradyne declared that its Board of Directors has authorized a share repurchase program on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have commented on TER shares. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Northland Securities cut their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Evercore ISI upped their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report 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 for the company in a report on Friday, August 16th. Finally, Craig Hallum reduced their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $142.62.

Insiders Place Their Bets

In other news, insider Richard John Burns sold 789 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,199 shares of company stock worth $1,080,634. Insiders own 0.18% of the company’s stock.

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.