Eagle Asset Management Inc. Has $99.40 Million Position in Teradyne, Inc. (NASDAQ:TER)

Eagle Asset Management Inc. increased its position in Teradyne, Inc. (NASDAQ:TER) by 70.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 742,207 shares of the company’s stock after buying an additional 307,724 shares during the period. Eagle Asset Management Inc. owned 0.46% of Teradyne worth $99,404,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TER. O Shaughnessy Asset Management LLC increased its holdings in Teradyne by 17.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,215 shares of the company’s stock worth $701,000 after buying an additional 942 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in Teradyne by 4.2% during the first quarter. Axxcess Wealth Management LLC now owns 9,794 shares of the company’s stock valued at $1,105,000 after purchasing an additional 396 shares during the last quarter. LRI Investments LLC acquired a new position in Teradyne during the first quarter valued at approximately $309,000. Ashford Capital Management Inc. grew its holdings in Teradyne by 8.2% during the first quarter. Ashford Capital Management Inc. now owns 14,975 shares of the company’s stock valued at $1,690,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in Teradyne by 5.9% during the first quarter. Kennedy Capital Management LLC now owns 14,219 shares of the company’s stock valued at $1,604,000 after purchasing an additional 787 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Up 1.6 %

Shares of TER stock opened at $105.24 on Friday. The stock has a 50-day moving average price of $120.46 and a 200 day moving average price of $131.65. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 2.22 and a beta of 1.52. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) 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 firm had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter last year, the business earned $0.80 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. Sell-side analysts predict that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a stock repurchase program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. This represents a 3.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 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 value of $83,000.00. Following the sale, the director now owns 15,893 shares of the company’s stock, 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. In the last quarter, insiders have sold 8,199 shares of company stock worth $1,080,634. Corporate insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

TER has been the topic of several analyst reports. Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a 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 report on Friday, October 25th. Evercore ISI increased their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Robert W. Baird reduced their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Susquehanna increased their price objective on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. 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, Teradyne currently has a consensus rating of “Hold” and an average price target of $142.62.

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.