Teradyne, Inc. (NASDAQ:TER) Shares Acquired by WESPAC Advisors LLC

WESPAC Advisors LLC raised its position in shares of Teradyne, Inc. (NASDAQ:TER) by 17.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,088 shares of the company’s stock after buying an additional 765 shares during the quarter. WESPAC Advisors LLC’s holdings in Teradyne were worth $681,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TER. Swedbank AB boosted its holdings in shares of Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after buying an additional 426,900 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Teradyne by 18.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after acquiring an additional 374,522 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in Teradyne by 70.8% in the third quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company’s stock worth $99,404,000 after acquiring an additional 307,724 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Teradyne by 4,695.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company’s stock valued at $43,041,000 after acquiring an additional 284,197 shares during the period. Finally, Driehaus Capital Management LLC bought a new position in shares of Teradyne during the second quarter valued at approximately $41,467,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

TER opened at $108.21 on Friday. The business has a 50 day moving average price of $120.00 and a two-hundred day moving average price of $131.63. The company has a market capitalization of $17.62 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 2.28 and a beta of 1.52. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last announced 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. The business had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Equities analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

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

Teradyne Dividend Announcement

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

Insider Transactions at Teradyne

In related 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 value of $83,431.25. Following the transaction, the director now owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s 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 sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. This represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,199 shares of company stock valued at $1,080,634 in the last quarter. Insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

TER has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Northland Securities reduced their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Stifel Nicolaus reduced their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, Craig Hallum decreased their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $142.62.

About Teradyne

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.