Coldstream Capital Management Inc. Increases Position in Teradyne, Inc. (NASDAQ:TER)

Coldstream Capital Management Inc. raised its position in shares of Teradyne, Inc. (NASDAQ:TER) by 5.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,178 shares of the company’s stock after purchasing an additional 156 shares during the period. Coldstream Capital Management Inc.’s holdings in Teradyne were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TER. Ashton Thomas Private Wealth LLC purchased a new position in shares of Teradyne during the 2nd quarter valued at about $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 bought a new stake in shares of Teradyne in the 2nd quarter worth approximately $33,000. Quarry LP boosted its stake in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Northland Securities lowered their price target 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. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Evercore ISI increased their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird decreased their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Craig Hallum dropped their price objective 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $142.62.

Teradyne Trading Up 1.9 %

Shares of TER opened at $123.22 on Friday. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21. The firm’s 50-day moving average price is $115.18 and its 200-day moving average price is $129.64. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 2.66 and a beta of 1.51.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data 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. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same period in the previous year, the firm posted $0.80 EPS. The business’s revenue was up 4.8% on a year-over-year basis. On average, research analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The company 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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.39%. The ex-dividend date is Monday, November 25th. Teradyne’s dividend payout ratio is currently 15.24%.

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

Insider Activity

In other news, insider Richard John Burns sold 789 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. The trade was a 3.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the transaction, the director now directly owns 15,893 shares of the company’s stock, valued at approximately $2,110,590.40. This trade represents a 3.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,494 shares of company stock worth $596,803. Corporate insiders own 0.36% of the company’s stock.

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.