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

Entropy Technologies LP acquired a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,830 shares of the company's stock, valued at approximately $647,000.

Other hedge funds also recently added to or reduced their stakes in the company. Swedbank AB lifted its stake in shares of Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company's stock valued at $95,145,000 after purchasing an additional 426,900 shares during the last quarter. Ossiam boosted its stake in Teradyne by 13,540.0% during the first quarter. Ossiam now owns 419,977 shares of the company's stock worth $47,386,000 after buying an additional 416,898 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Teradyne by 4,695.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company's stock worth $43,041,000 after buying an additional 284,197 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Teradyne during the second quarter valued at about $41,467,000. Finally, Principal Financial Group Inc. raised its stake in shares of Teradyne by 105.2% in the 2nd quarter. Principal Financial Group Inc. now owns 527,417 shares of the company's stock valued at $78,211,000 after acquiring an additional 270,396 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teradyne

In other news, insider Richard John Burns sold 789 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the transaction, the insider now owns 21,864 shares of the company's stock, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares in the company, valued at approximately $2,204,987.82. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,352 shares of company stock worth $1,899,353. 0.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Evercore ISI upped 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. Northland Capmk lowered shares of Teradyne from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 18th. StockNews.com raised shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Craig Hallum dropped their price objective on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a report on Friday, October 25th. Finally, Susquehanna increased their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock a "positive" rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Teradyne currently has a consensus rating of "Hold" and a consensus target price of $142.62.

Teradyne Price Performance

Shares of TER traded down $3.94 during mid-day trading on Friday, reaching $102.58. The company's stock had a trading volume of 3,091,868 shares, compared to its average volume of 2,042,539. The company's 50 day moving average is $122.70 and its 200 day moving average is $132.12. The stock has a market cap of $16.71 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.31 and a beta of 1.52. Teradyne, Inc. has a 12-month low of $90.24 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly 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 analyst estimates of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.15 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a share buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders 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 0.47%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne's dividend payout ratio (DPR) is 15.24%.

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.