BNP Paribas Financial Markets Has $49.07 Million Stake in Teradyne, Inc. (NASDAQ:TER)

BNP Paribas Financial Markets lowered its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,363 shares of the company’s stock after selling 4,609 shares during the period. BNP Paribas Financial Markets’ holdings in Teradyne were worth $49,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brooklyn Investment Group bought a new stake in shares of Teradyne in the 3rd quarter valued at approximately $52,000. Quantbot Technologies LP bought a new stake in Teradyne in the third quarter valued at $194,000. Prospector Partners LLC grew its position in Teradyne by 0.3% in the third quarter. Prospector Partners LLC now owns 65,930 shares of the company’s stock valued at $8,830,000 after acquiring an additional 200 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Teradyne by 6.0% during the third quarter. The Manufacturers Life Insurance Company now owns 102,122 shares of the company’s stock valued at $13,677,000 after acquiring an additional 5,804 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of Teradyne in the 3rd quarter valued at $322,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $108.09 on Friday. The company has a 50 day moving average of $118.84 and a 200-day moving average of $131.36. Teradyne, Inc. has a one year low of $90.24 and a one year high of $163.21. The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 34.31, a P/E/G 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. 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 analysts’ expectations of $716.40 million. During the same quarter in the previous year, the company posted $0.80 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne declared that its board has authorized a stock buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. Teradyne’s payout ratio is currently 15.24%.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. This represents a 3.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the transaction, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. This represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,199 shares of company stock valued at $1,080,634 in the last ninety days. 0.36% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TER. 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 report on Friday, August 16th. Northland Securities cut their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus reduced their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Craig Hallum dropped their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird reduced their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Teradyne currently has an average rating of “Hold” and an average price target 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.