Teradyne, Inc. (NASDAQ:TER) Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 12.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 21,780 shares of the company’s stock after purchasing an additional 2,370 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Teradyne were worth $2,917,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in Teradyne in the third quarter worth approximately $29,000. Rothschild Investment LLC bought a new position in shares of Teradyne in the second quarter valued at $33,000. Quarry LP boosted its stake in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of Teradyne by 76.1% in the 2nd 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 last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the transaction, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated 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 owns 83,816 shares in the company, valued at $10,896,080. The trade was a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,199 shares of company stock worth $1,080,634. 0.18% of the stock is owned by corporate insiders.

Teradyne Price Performance

TER opened at $108.09 on Thursday. The company has a market capitalization of $17.60 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. Teradyne, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $163.21. The business has a 50-day moving average of $118.84 and a 200-day moving average of $131.36.

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

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

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be given 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 is currently 15.24%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a research report on Friday, August 16th. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Evercore ISI lifted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Craig Hallum reduced their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a 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 issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $142.62.

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.