Erste Asset Management GmbH Invests $12.72 Million in Teradyne, Inc. (NASDAQ:TER)

Erste Asset Management GmbH acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 92,872 shares of the company's stock, valued at approximately $12,724,000. Erste Asset Management GmbH owned approximately 0.06% of Teradyne at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Teradyne by 1.1% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company's stock worth $1,074,000 after purchasing an additional 79 shares in the last quarter. Whittier Trust Co. raised its holdings in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company's stock worth $127,000 after acquiring an additional 88 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Teradyne by 17.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company's stock worth $97,000 after acquiring an additional 96 shares during the last quarter. Wealth Alliance raised its holdings in shares of Teradyne by 3.3% in 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 last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings 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 worth $149,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

NASDAQ:TER traded up $1.91 during trading hours on Monday, hitting $110.00. The stock had a trading volume of 1,437,423 shares, compared to its average volume of 2,041,438. The company has a 50 day simple moving average of $117.95 and a two-hundred day simple moving average of $131.12. Teradyne, Inc. has a one year low of $90.24 and a one year high of $163.21. The firm has a market capitalization of $17.91 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 2.38 and a beta of 1.52.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $716.40 million. During the same period in the previous year, the firm posted $0.80 EPS. The firm's revenue 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 announced that its board has approved a share buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne's dividend payout ratio (DPR) is 15.24%.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction dated 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 owns 83,816 shares in the company, valued at $10,896,080. The trade was a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business's 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 transaction, the director now owns 16,518 shares in the company, valued at $2,204,987.82. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,199 shares of company stock valued at $1,080,634. Insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Northland Securities decreased their price objective 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. StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Evercore ISI increased their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Finally, Craig Hallum decreased their price objective on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $142.62.

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.