Jacobs Levy Equity Management Inc. Increases Stake in Teradyne, Inc. (NASDAQ:TER)

Jacobs Levy Equity Management Inc. increased its stake in Teradyne, Inc. (NASDAQ:TER) by 9.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 620,614 shares of the company’s stock after acquiring an additional 52,468 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Teradyne were worth $83,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new stake in Teradyne in the 2nd quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in shares of Teradyne during the third quarter worth approximately $29,000. Rothschild Investment LLC purchased a new position in Teradyne in the 2nd quarter valued at $33,000. Quarry LP grew its position in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after buying an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its stake in shares of Teradyne by 76.1% during the 2nd 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. 99.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TER has been the subject of a number of research reports. Craig Hallum decreased their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report 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 for the company in a research note on Friday, October 25th. Robert W. Baird lowered 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. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Finally, Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective on the stock in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Teradyne has an average rating of “Hold” and an average target price of $142.62.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on 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 directly owns 83,816 shares in the company, valued at approximately $10,896,080. The trade was a 3.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the transaction, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. This represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,574 shares of company stock worth $997,203 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Teradyne Price Performance

Shares of Teradyne stock opened at $113.20 on Tuesday. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21. The stock has a market capitalization of $18.44 billion, a P/E ratio of 35.94, a PEG ratio of 2.38 and a beta of 1.51. The business has a 50 day simple moving average of $117.95 and a two-hundred day simple moving average of $131.12.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 EPS. As a group, research analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business 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. This represents a $0.48 annualized dividend and a yield of 0.42%. The ex-dividend date is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne declared that its board has authorized 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 reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.