Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Fiduciary Trust Co

Fiduciary Trust Co increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 6.8% in the third quarter, Holdings Channel reports. The firm owned 6,179 shares of the company’s stock after buying an additional 396 shares during the quarter. Fiduciary Trust Co’s holdings in Teradyne were worth $828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of TER. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Teradyne by 1.1% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after buying an additional 79 shares during the last quarter. Whittier Trust Co. increased its position in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after acquiring an additional 88 shares during the period. Massmutual Trust Co. FSB ADV raised 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 valued at $97,000 after acquiring an additional 96 shares during the last quarter. Wealth Alliance lifted its position 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 acquiring an additional 98 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after purchasing an additional 103 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Teradyne stock opened at $110.00 on Friday. Teradyne, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $163.21. The firm has a market capitalization of $17.91 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 2.34 and a beta of 1.52. The stock’s fifty day moving average is $117.95 and its two-hundred day moving average is $131.12.

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

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

Teradyne Announces Dividend

The business also recently announced 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. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Insiders Place Their Bets

In other news, insider Richard John Burns sold 789 shares of Teradyne 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 sale, the insider now directly owns 21,864 shares in the company, valued at $2,903,539.20. The trade was a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’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 transaction, the chief executive officer now directly owns 83,816 shares in the company, valued at $10,896,080. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,199 shares of company stock valued at $1,080,634. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TER shares. Robert W. Baird cut 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. Craig Hallum lowered their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Northland Securities cut their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective on the stock in a report on Friday, August 16th. Finally, StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. One 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. According to data from MarketBeat, Teradyne presently has a consensus 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.