Quantinno Capital Management LP Acquires 1,162 Shares of Teradyne, Inc. (NASDAQ:TER)

Quantinno Capital Management LP lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 2.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 52,890 shares of the company’s stock after purchasing an additional 1,162 shares during the period. Quantinno Capital Management LP’s holdings in Teradyne were worth $7,084,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in Teradyne in the second quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in Teradyne in the third quarter valued at about $29,000. Rothschild Investment LLC acquired a new position in Teradyne in the second quarter valued at about $33,000. Quarry LP raised its position in shares of Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares during the period. Finally, Tortoise Investment Management LLC raised its position in shares of Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

TER stock opened at $118.51 on Friday. The stock’s 50 day simple moving average is $116.56 and its 200 day simple moving average is $130.66. Teradyne, Inc. has a fifty-two week low of $91.11 and a fifty-two week high of $163.21. The company has a market cap of $19.30 billion, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 2.53 and a beta of 1.51.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping 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 return on equity of 18.56% and a net margin of 18.75%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. Equities analysts predict that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne announced that its Board of Directors has initiated a share buyback program on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Teradyne Dividend Announcement

The business 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. This represents a $0.48 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. This trade represents a 3.54 % 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 firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the transaction, the director now directly owns 15,893 shares of the company’s stock, valued at $2,110,590.40. The trade was a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,574 shares of company stock valued at $997,203 over the last ninety days. 0.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Robert W. Baird dropped their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus dropped their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research report on Friday, August 16th. Craig Hallum dropped their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, Evercore ISI lifted their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and an average price target 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.