Tidal Investments LLC Acquires 6,933 Shares of Teradyne, Inc. (NASDAQ:TER)

Tidal Investments LLC grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 61.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,197 shares of the company’s stock after acquiring an additional 6,933 shares during the period. Tidal Investments LLC’s holdings in Teradyne were worth $2,437,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TER. Ashton Thomas Private Wealth LLC acquired a new position in shares of Teradyne during the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in Teradyne during the third quarter valued at approximately $29,000. Rothschild Investment LLC bought a new position in shares of Teradyne in the second quarter valued at approximately $33,000. Quarry LP raised its position in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares during the period. Finally, Tortoise Investment Management LLC lifted its stake in shares of Teradyne by 76.1% in 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 and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TER shares. Craig Hallum dropped their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Northland Securities dropped their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus decreased their target price on Teradyne from $140.00 to $125.00 and set a “hold” 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 report on Sunday, October 27th. Finally, Evercore ISI upped their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $146.17.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 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 transaction of $409,024.00. Following the transaction, the chief executive officer now owns 80,736 shares of the company’s stock, valued at approximately $10,721,740.80. This represents a 3.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,494 shares of company stock worth $596,803. Insiders own 0.36% of the company’s stock.

Teradyne Trading Up 1.9 %

TER stock opened at $123.22 on Monday. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21. The business’s 50 day moving average is $115.18 and its 200-day moving average is $129.55. The firm has a market cap of $20.07 billion, a P/E ratio of 39.12, a P/E/G ratio of 2.66 and a beta of 1.51.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (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 net margin of 18.75% and a return on equity of 18.56%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. Sell-side analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis 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 authorized a stock buyback program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is 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.