Northwest & Ethical Investments L.P. Has $2.40 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Northwest & Ethical Investments L.P. reduced its position in shares of Teradyne, Inc. (NASDAQ:TER) by 10.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,881 shares of the company’s stock after selling 1,986 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Teradyne were worth $2,395,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Teradyne by 1.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock valued at $682,597,000 after buying an additional 57,989 shares during the period. Van ECK Associates Corp boosted its stake 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 position 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 worth $325,814,000 after buying an additional 374,522 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Teradyne by 2.2% during the third 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. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Teradyne by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 968,841 shares of the company’s stock valued at $129,757,000 after buying an additional 49,115 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TER shares. Robert W. Baird cut their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Northland Securities reduced their price objective on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus lowered their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Evercore ISI upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Craig Hallum decreased their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. One research 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’s stock. According to MarketBeat, Teradyne currently has a consensus rating of “Hold” and a consensus price target of $142.62.

Insider Buying and Selling at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s 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 owns 16,518 shares in the company, valued at $2,204,987.82. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Richard John Burns sold 789 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the transaction, the insider now 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 disclosure for this sale can be found here. Insiders have sold a total of 8,199 shares of company stock worth $1,080,634 over the last 90 days. Insiders own 0.36% of the company’s stock.

Teradyne Stock Up 1.8 %

TER stock opened at $110.00 on Friday. Teradyne, Inc. has a 52 week low of $90.24 and a 52 week high of $163.21. The company has a market cap of $17.91 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.34 and a beta of 1.52. The business has a 50-day simple moving average of $117.95 and a 200 day simple moving average of $131.10.

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. On average, analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne declared that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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.