Advisors Asset Management Inc. Raises Holdings in Teradyne, Inc. (NASDAQ:TER)

Advisors Asset Management Inc. boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 32.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,753 shares of the company’s stock after purchasing an additional 676 shares during the period. Advisors Asset Management Inc.’s holdings in Teradyne were worth $369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB boosted its holdings in shares of Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after purchasing an additional 426,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Teradyne in the 3rd quarter worth approximately $2,221,000. MBB Public Markets I LLC bought a new stake in shares of Teradyne in the 2nd quarter worth approximately $1,619,000. SG Americas Securities LLC increased its stake in shares of Teradyne by 65.1% during the second quarter. SG Americas Securities LLC now owns 36,515 shares of the company’s stock valued at $5,415,000 after buying an additional 14,395 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Teradyne by 161.6% during the first quarter. Cetera Investment Advisers now owns 19,075 shares of the company’s stock valued at $2,152,000 after acquiring an additional 11,782 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER stock opened at $108.09 on Friday. The company has a market capitalization of $17.60 billion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. Teradyne, Inc. has a one year low of $90.24 and a one year high of $163.21. The company’s 50-day moving average is $118.84 and its 200 day moving average is $131.36.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping 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 company had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts predict that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm 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 annualized dividend and a yield of 0.44%. Teradyne’s payout ratio is 15.24%.

Teradyne declared that its Board of Directors has authorized a stock buyback program on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on TER shares. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Stifel Nicolaus reduced their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Craig Hallum lowered their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Northland Securities reduced their target price on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. Finally, Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Teradyne currently has an average rating of “Hold” and an average target price of $142.62.

Insiders Place Their Bets

In related news, insider Richard John Burns sold 789 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares in the company, valued at approximately $2,903,539.20. This represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Wednesday, September 11th. The shares were 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 directly owns 83,816 shares in the company, valued at approximately $10,896,080. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,199 shares of company stock valued at $1,080,634. 0.36% of the stock is owned by insiders.

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.