Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Prospector Partners LLC

Prospector Partners LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,930 shares of the company’s stock after purchasing an additional 200 shares during the period. Prospector Partners LLC’s holdings in Teradyne were worth $8,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TER. Swedbank AB increased its stake in shares of Teradyne by 198.8% in the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after buying an additional 426,900 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after purchasing an additional 374,522 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Teradyne by 70.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company’s stock valued at $99,404,000 after purchasing an additional 307,724 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Teradyne by 4,695.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company’s stock worth $43,041,000 after purchasing an additional 284,197 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in Teradyne in the second quarter worth about $41,467,000. 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 research reports. Northland Securities cut their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Robert W. Baird dropped 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 shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Stifel Nicolaus dropped their target price 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. Finally, Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $142.62.

Insider Activity at Teradyne

In other news, insider Richard John Burns sold 789 shares of the company’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 $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. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now directly owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. This trade represents 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 worth $1,080,634. 0.18% of the stock is owned by insiders.

Teradyne Price Performance

NASDAQ TER opened at $110.67 on Tuesday. The company has a 50 day simple moving average of $119.65 and a 200-day simple moving average of $131.62. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 2.34 and a beta of 1.52. Teradyne, Inc. has a 52-week low of $90.24 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last issued its 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 return on equity of 18.56% and a net margin of 18.75%. The company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. On average, analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

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 issued a dividend of $0.12 per share. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.43%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

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