Healthcare of Ontario Pension Plan Trust Fund Grows Stake in Teradyne, Inc. (NASDAQ:TER)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,000 shares of the company’s stock after purchasing an additional 7,751 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.18% of Teradyne worth $39,911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kennedy Capital Management LLC boosted its holdings in Teradyne by 5.9% in the 1st quarter. Kennedy Capital Management LLC now owns 14,219 shares of the company’s stock valued at $1,604,000 after purchasing an additional 787 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Teradyne by 38.1% in the 1st quarter. Janus Henderson Group PLC now owns 315,631 shares of the company’s stock worth $35,613,000 after acquiring an additional 87,150 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Teradyne by 52.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,348 shares of the company’s stock worth $491,000 after acquiring an additional 1,498 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Teradyne by 0.4% in the 1st quarter. California State Teachers Retirement System now owns 247,997 shares of the company’s stock worth $27,982,000 after acquiring an additional 1,065 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Teradyne by 146.3% in the 1st quarter. Tidal Investments LLC now owns 11,591 shares of the company’s stock worth $1,307,000 after acquiring an additional 6,885 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TER has been the topic of several recent research reports. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research note on Friday, August 16th. Evercore ISI increased 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. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Robert W. Baird decreased their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Craig Hallum reduced their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. One equities research 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’s stock. According to MarketBeat, Teradyne has an average rating of “Hold” and an average price target of $142.62.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on 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 approximately $10,896,080. The trade was a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Richard John Burns sold 789 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This trade represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,199 shares of company stock worth $1,080,634. Insiders own 0.18% of the company’s stock.

Teradyne Stock Performance

TER opened at $108.09 on Thursday. The stock has a market capitalization of $17.60 billion, a PE ratio of 34.31, a P/E/G ratio of 2.39 and a beta of 1.52. Teradyne, Inc. has a 1 year low of $90.24 and a 1 year high of $163.21. The company’s 50 day simple moving average is $118.84 and its 200 day simple moving average is $131.36.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating 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 firm had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same period in the previous year, the company posted $0.80 earnings per share. Teradyne’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 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be paid 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 dividend yield of 0.44%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

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

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.