Teradyne, Inc. (NASDAQ:TER) Stock Holdings Decreased by ING Groep NV

ING Groep NV lessened its position in Teradyne, Inc. (NASDAQ:TER) by 26.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,423 shares of the company’s stock after selling 20,584 shares during the quarter. ING Groep NV’s holdings in Teradyne were worth $7,691,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. purchased a new position in shares of Teradyne during the first quarter valued at $245,000. Blair William & Co. IL increased its holdings in shares of Teradyne by 0.6% in the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after purchasing an additional 83 shares during the period. Vanguard Group Inc. increased its holdings in shares of Teradyne by 0.7% in the 1st 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 period. Ironwood Investment Counsel LLC lifted its position in shares of Teradyne by 5.0% in the first quarter. Ironwood Investment Counsel LLC now owns 42,891 shares of the company’s stock worth $4,839,000 after purchasing an additional 2,054 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Teradyne by 10.2% during the first quarter. Covestor Ltd now owns 1,162 shares of the company’s stock worth $131,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TER shares. Craig Hallum cut their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Northland Securities cut their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Evercore ISI upped their target price 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 upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Teradyne currently has an average rating of “Hold” and a consensus price target of $142.62.

Insider Buying and Selling

In related news, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This trade represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, 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 quarter, insiders have sold 14,352 shares of company stock valued at $1,899,353. 0.36% of the stock is owned by company insiders.

Teradyne Price Performance

Shares of TER opened at $102.58 on Friday. Teradyne, Inc. has a one year low of $90.24 and a one year high of $163.21. The company’s fifty day moving average price is $122.33 and its 200 day moving average price is $132.01. The company has a market capitalization of $16.71 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.52.

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 analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. Analysts anticipate that Teradyne, Inc. will post 3.15 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is currently 15.24%.

Teradyne announced that its board has authorized a share buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.