Caisse DE Depot ET Placement DU Quebec Has $22.56 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

Caisse DE Depot ET Placement DU Quebec boosted its position in Teradyne, Inc. (NASDAQ:TER) by 146.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,476 shares of the company’s stock after buying an additional 100,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.10% of Teradyne worth $22,564,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Teradyne in the second quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new stake in Teradyne in the 3rd quarter valued at approximately $29,000. Rothschild Investment LLC acquired a new stake in Teradyne in the 2nd quarter valued at approximately $33,000. Quarry LP increased its position in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares during the period. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Robert W. Baird dropped their target price 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. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Northland Securities decreased their target price on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research report on Friday, October 25th. Craig Hallum lowered their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Finally, Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $142.62.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now owns 16,518 shares of the company’s stock, valued at $2,204,987.82. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,199 shares of company stock valued at $1,080,634 in the last three months. 0.36% of the stock is owned by corporate insiders.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $110.00 on Monday. The business’s fifty day moving average price is $117.95 and its two-hundred day moving average price is $131.12. Teradyne, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $163.21. The stock has a market capitalization of $17.91 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 2.38 and a beta of 1.52.

Teradyne (NASDAQ:TER) last posted its earnings results 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. 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 analyst estimates of $716.40 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

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

Teradyne announced that its board has approved a stock buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are 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.