Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 30.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,879 shares of the company’s stock after acquiring an additional 20,762 shares during the quarter. Franklin Resources Inc. owned about 0.05% of Teradyne worth $11,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TER. Whittier Trust Co. grew its stake in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after purchasing an additional 88 shares during the last quarter. Wealth Alliance increased its holdings in Teradyne by 3.3% in the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock worth $451,000 after buying an additional 98 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock worth $149,000 after buying an additional 103 shares during the period. Thrivent Financial for Lutherans lifted its stake in Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after acquiring an additional 104 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in shares of Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after acquiring an additional 108 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on TER shares. Stifel Nicolaus lowered their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $145.00 to $158.00 in a research note on Monday, December 16th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Northland Securities dropped their price objective on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird decreased their target price 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. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.25.

Insider Activity at Teradyne

In other Teradyne news, insider Richard John Burns sold 789 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 $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $409,024.00. Following the transaction, the chief executive officer now directly owns 80,736 shares in the company, valued at approximately $10,721,740.80. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,494 shares of company stock valued at $596,803. 0.36% of the stock is currently owned by insiders.

Teradyne Stock Performance

NASDAQ TER opened at $125.95 on Friday. The business has a fifty day moving average price of $114.82 and a 200 day moving average price of $129.20. The company has a market cap of $20.51 billion, a P/E ratio of 39.98, a P/E/G ratio of 2.66 and a beta of 1.51. Teradyne, Inc. has a one year low of $92.29 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $716.40 million. During the same period last year, the firm posted $0.80 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts predict that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were given a $0.12 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne declared that its board has approved a share repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is 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.