Custom Index Systems LLC Buys 173 Shares of Teradyne, Inc. (NASDAQ:TER)

Custom Index Systems LLC raised its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,255 shares of the company’s stock after acquiring an additional 173 shares during the quarter. Custom Index Systems LLC’s holdings in Teradyne were worth $410,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in Teradyne during the third quarter worth $29,000. Quarry LP boosted its position in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Coastline Trust Co bought a new stake in Teradyne in the third quarter valued at about $46,000. Brooklyn Investment Group acquired a new position in Teradyne in the third quarter worth about $52,000. Finally, Eastern Bank bought a new position in Teradyne during the third quarter worth about $67,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER opened at $115.79 on Friday. The business’s fifty day moving average price is $125.37 and its two-hundred day moving average price is $125.34. The firm has a market capitalization of $18.86 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.04 and a beta of 1.46. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.23% and a net margin of 19.23%. As a group, research analysts forecast that Teradyne, Inc. will post 4.1 EPS for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.41%. Teradyne’s dividend payout ratio is currently 14.41%.

Teradyne announced that its Board of Directors has approved a stock buyback program on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy 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.

Analysts Set New Price Targets

Several research firms have recently weighed in on TER. Northland Securities lowered their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday. Robert W. Baird lowered 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. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Evercore ISI upped their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, KeyCorp dropped their target price on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 614 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,434 shares of company stock valued at $785,137. 0.36% of the stock is currently owned by insiders.

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.