Ontario Teachers Pension Plan Board Sells 820 Shares of Teradyne, Inc. (NASDAQ:TER)

Ontario Teachers Pension Plan Board decreased its position in Teradyne, Inc. (NASDAQ:TER) by 29.2% during the third quarter, Holdings Channel.com reports. The fund owned 1,986 shares of the company’s stock after selling 820 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Teradyne were worth $266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne in the second quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Teradyne in the 3rd quarter worth approximately $29,000. Rothschild Investment LLC purchased a new position in shares of Teradyne during the second quarter valued at approximately $33,000. Quarry LP raised its holdings in shares of Teradyne by 256.1% during the second 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. Finally, Tortoise Investment Management LLC lifted its stake in Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the period. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TER. Evercore ISI boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Cantor Fitzgerald upgraded shares of 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. Northland Securities lowered their price objective 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. Stifel Nicolaus reduced their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $142.62.

Insider Activity at Teradyne

In other Teradyne news, insider Richard John Burns sold 789 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now directly owns 16,518 shares in the company, valued at approximately $2,204,987.82. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,199 shares of company stock valued at $1,080,634. 0.36% of the stock is owned by corporate insiders.

Teradyne Trading Up 2.5 %

Teradyne stock opened at $108.21 on Friday. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21. 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 2.22 and a beta of 1.52. The business’s fifty day simple moving average is $120.00 and its two-hundred day simple moving average is $131.55.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. Teradyne’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. On average, equities research analysts predict that Teradyne, Inc. will post 3.17 EPS 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 issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. Teradyne’s payout ratio is currently 15.24%.

Teradyne declared that its board has authorized a stock repurchase plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.