Teradyne, Inc. (NASDAQ:TER) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in Teradyne, Inc. (NASDAQ:TER) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,780 shares of the company’s stock after acquiring an additional 2,370 shares during the period. Daiwa Securities Group Inc.’s holdings in Teradyne were worth $2,917,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Teradyne by 1.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock valued at $682,597,000 after buying an additional 57,989 shares during the period. Van ECK Associates Corp increased its stake in Teradyne by 6.3% during the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock worth $383,501,000 after acquiring an additional 183,721 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after purchasing an additional 374,522 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Teradyne by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock valued at $299,073,000 after purchasing an additional 47,157 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Teradyne by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 968,841 shares of the company’s stock worth $129,757,000 after purchasing an additional 49,115 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction dated 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 directly owns 21,864 shares in the company, valued at $2,903,539.20. The trade was a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at $10,896,080. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,199 shares of company stock worth $1,080,634. 0.18% of the stock is currently owned by company insiders.

Teradyne Stock Down 0.9 %

NASDAQ:TER opened at $108.09 on Thursday. Teradyne, Inc. has a 52 week low of $90.24 and a 52 week high of $163.21. The company has a market cap of $17.60 billion, a PE ratio of 34.31, a P/E/G ratio of 2.39 and a beta of 1.52. The business’s 50 day moving average is $118.84 and its two-hundred day moving average is $131.36.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same period in the prior year, the company earned $0.80 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne declared that its board has initiated a stock repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TER. Northland Securities reduced their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus reduced their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Evercore ISI increased their price target on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Finally, Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $142.62.

Teradyne Company 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.