4,830 Shares in Teradyne, Inc. (NASDAQ:TER) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,830 shares of the company’s stock, valued at approximately $647,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mitchell & Pahl Private Wealth LLC grew its stake in Teradyne by 1.1% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock worth $1,074,000 after buying an additional 79 shares during the last quarter. Blair William & Co. IL grew its stake in Teradyne by 0.6% during the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after buying an additional 83 shares during the last quarter. 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 worth $127,000 after buying an additional 88 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Teradyne by 17.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $97,000 after buying an additional 96 shares during the last quarter. Finally, Wealth Alliance grew its stake in Teradyne by 3.3% during 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 last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Up 0.1 %

Shares of NASDAQ TER opened at $106.52 on Friday. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21. The company has a market cap of $17.35 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 2.36 and a beta of 1.52. The business has a fifty day simple moving average of $123.10 and a 200-day simple moving average of $132.30.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating 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 business had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same period in the prior year, the business 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 3.15 EPS for the current fiscal year.

Teradyne declared that its Board of Directors has authorized a stock repurchase program on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard John Burns sold 789 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,352 shares of company stock valued at $1,899,353. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on TER shares. Stifel Nicolaus decreased their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Northland Securities decreased their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Robert W. Baird decreased their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Evercore ISI increased their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. One investment 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $142.62.

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.