Charles Schwab Investment Management Inc. Has $129.76 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

Charles Schwab Investment Management Inc. lifted its holdings in Teradyne, Inc. (NASDAQ:TER) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 968,841 shares of the company’s stock after purchasing an additional 49,115 shares during the period. Charles Schwab Investment Management Inc. owned 0.59% of Teradyne worth $129,757,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in Teradyne during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new position in Teradyne in the 3rd quarter worth $29,000. Rothschild Investment LLC acquired a new position in Teradyne during the 2nd quarter worth $33,000. Quarry LP boosted its holdings in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares during the period. Finally, Tortoise Investment Management LLC grew its position in shares of Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

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

Teradyne (NASDAQ:TER) last issued 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. The company had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. Equities analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne announced that its board has authorized a share repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is currently 15.24%.

Insider Transactions at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now directly owns 16,518 shares of the company’s stock, valued at $2,204,987.82. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,199 shares of company stock valued at $1,080,634 in the last three months. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TER has been the topic of a number of research analyst reports. Robert W. Baird lowered their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Northland Securities lowered 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. Cantor Fitzgerald upgraded shares of 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. Craig Hallum decreased their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, Evercore ISI upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $142.62.

About Teradyne

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.