Teradyne, Inc. (NASDAQ:TER) Shares Bought by Prospector Partners LLC

Prospector Partners LLC raised its position in Teradyne, Inc. (NASDAQ:TER) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,930 shares of the company’s stock after buying an additional 200 shares during the quarter. Prospector Partners LLC’s holdings in Teradyne were worth $8,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC grew its holdings in shares of Teradyne by 17.9% during 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 lifted its position in Teradyne by 5.9% during the 1st quarter. Kennedy Capital Management LLC now owns 14,219 shares of the company’s stock worth $1,604,000 after acquiring an additional 787 shares during the period. Janus Henderson Group PLC grew its stake in shares of Teradyne by 38.1% in the 1st quarter. Janus Henderson Group PLC now owns 315,631 shares of the company’s stock valued at $35,613,000 after purchasing an additional 87,150 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Teradyne by 52.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,348 shares of the company’s stock valued at $491,000 after purchasing an additional 1,498 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of Teradyne by 0.4% during the first 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. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Price Performance

TER stock opened at $110.67 on Tuesday. The company’s 50 day simple moving average is $119.65 and its 200-day simple moving average is $131.62. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21. The firm has a market capitalization of $18.02 billion, a PE ratio of 35.13, a P/E/G ratio of 2.34 and a beta of 1.52.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data 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. 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 the consensus estimate of $716.40 million. During the same period in the prior year, the business earned $0.80 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s payout ratio is 15.24%.

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

Analyst Ratings Changes

TER has been the subject of a number of analyst reports. 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 report on Friday, August 16th. 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 report on Friday, October 25th. Evercore ISI lifted their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Craig Hallum cut their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird dropped their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Teradyne currently has an average rating of “Hold” and a consensus price target of $142.62.

Insider Buying and Selling

In related news, insider Richard John Burns sold 789 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 $104,779.20. Following the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at approximately $2,204,987.82. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,199 shares of company stock worth $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.