Bank of Montreal Can Has $24.09 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Bank of Montreal Can lessened its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 14.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,888 shares of the company's stock after selling 30,396 shares during the quarter. Bank of Montreal Can owned about 0.11% of Teradyne worth $24,085,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Swedbank AB increased its holdings in Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company's stock worth $95,145,000 after purchasing an additional 426,900 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Teradyne during the third quarter worth approximately $2,221,000. MBB Public Markets I LLC bought a new stake in shares of Teradyne in the second quarter worth $1,619,000. SG Americas Securities LLC raised its holdings in Teradyne by 65.1% in the second quarter. SG Americas Securities LLC now owns 36,515 shares of the company's stock valued at $5,415,000 after acquiring an additional 14,395 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Teradyne by 161.6% during the 1st quarter. Cetera Investment Advisers now owns 19,075 shares of the company's stock valued at $2,152,000 after acquiring an additional 11,782 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Price Performance

TER stock traded up $1.91 on Friday, reaching $110.00. The company's stock had a trading volume of 1,437,423 shares, compared to its average volume of 2,041,438. Teradyne, Inc. has a 52 week low of $90.24 and a 52 week high of $163.21. The company has a market capitalization of $17.91 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 2.34 and a beta of 1.52. The firm has a fifty day moving average of $117.95 and a two-hundred day moving average of $131.12.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. As a group, equities analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed 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 is Monday, November 25th. Teradyne's payout ratio is 15.24%.

Teradyne declared that its Board of Directors has initiated a stock buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TER has been the subject of several research analyst reports. Stifel Nicolaus lowered their price objective on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company 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 on the stock in a research report on Friday, October 25th. Evercore ISI lifted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Cantor Fitzgerald raised shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 target price on the stock in a report on Friday, August 16th. Finally, StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $142.62.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the 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 completion of the sale, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. This trade represents a 3.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction, the director now directly owns 16,518 shares of the company's stock, valued at $2,204,987.82. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,199 shares of company stock worth $1,080,634. Company insiders own 0.36% of the company's stock.

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.