Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 408,177 shares of the company’s stock after purchasing an additional 13,020 shares during the quarter. Boston Trust Walden Corp’s holdings in Teradyne were worth $51,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of TER. State Street Corp boosted its holdings in shares of Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after buying an additional 350,002 shares during the period. Geode Capital Management LLC lifted its holdings in Teradyne by 5.5% in the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after acquiring an additional 209,868 shares during the last quarter. Van ECK Associates Corp boosted its stake in Teradyne by 6.3% in the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after acquiring an additional 183,721 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Teradyne by 18.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after purchasing an additional 374,522 shares during the last quarter. Finally, Aspex Management HK Ltd lifted its holdings in shares of Teradyne by 11.5% in the 3rd quarter. Aspex Management HK Ltd now owns 2,387,433 shares of the company’s stock worth $319,749,000 after purchasing an additional 246,914 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Up 0.6 %

Shares of NASDAQ TER opened at $115.79 on Monday. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.67 and a beta of 1.45. The stock’s fifty day simple moving average is $125.37 and its 200 day simple moving average is $124.88.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, analysts anticipate that Teradyne, Inc. will post 4.02 earnings per share for the current year.

Teradyne announced that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.41%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 437 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the sale, the vice president now directly owns 4,312 shares of the company’s stock, valued at approximately $439,824. This represents a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,434 shares of company stock valued at $785,137. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the subject of a number of recent research reports. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. KeyCorp lowered their price target on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday. Stifel Nicolaus cut their price objective 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. Evercore ISI upped their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, UBS Group cut their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.77.

Teradyne 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.