Teradyne, Inc. (NASDAQ:TER) Stake Lifted by Swedbank AB

Swedbank AB lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 2.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 657,084 shares of the company’s stock after acquiring an additional 15,470 shares during the period. Swedbank AB owned 0.40% of Teradyne worth $88,003,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TER. O Shaughnessy Asset Management LLC grew its position 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. Kennedy Capital Management LLC raised its position 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 acquiring an additional 787 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Teradyne by 38.1% in the first quarter. Janus Henderson Group PLC now owns 315,631 shares of the company’s stock valued at $35,613,000 after acquiring an additional 87,150 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Teradyne by 52.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,348 shares of the company’s stock worth $491,000 after acquiring an additional 1,498 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Teradyne by 0.4% during the 1st quarter. California State Teachers Retirement System now owns 247,997 shares of the company’s stock worth $27,982,000 after purchasing an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TER shares. Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research note on Friday, August 16th. Evercore ISI raised their price target on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Craig Hallum dropped their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, Northland Securities lowered 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $142.62.

Teradyne Stock Up 2.5 %

Shares of TER stock opened at $108.21 on Monday. The company has a market cap of $17.62 billion, a P/E ratio of 34.35, a P/E/G ratio of 2.34 and a beta of 1.52. Teradyne, Inc. has a twelve month low of $90.24 and a twelve month high of $163.21. The business has a fifty day simple moving average of $120.00 and a 200 day simple moving average of $131.71.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. The firm 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 last year, the company earned $0.80 earnings per share. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

Teradyne declared that its Board of Directors has approved a stock repurchase program on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, September 3rd. The stock was 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 in the company, valued at approximately $2,204,987.82. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 789 shares of the firm’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 $104,779.20. Following the sale, the insider now owns 21,864 shares in the company, valued at approximately $2,903,539.20. This trade represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,199 shares of company stock valued at $1,080,634. 0.18% of the stock is owned by insiders.

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.