Caisse DE Depot ET Placement DU Quebec Grows Position in Teradyne, Inc. (NASDAQ:TER)

Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 146.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 168,476 shares of the company's stock after purchasing an additional 100,000 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.10% of Teradyne worth $22,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne in the second quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new stake in Teradyne in the 3rd quarter worth approximately $29,000. Rothschild Investment LLC purchased a new stake in Teradyne during the 2nd quarter valued at $33,000. Quarry LP boosted its stake in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company's stock worth $35,000 after buying an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in shares of Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock worth $40,000 after buying an additional 118 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

Shares of NASDAQ:TER traded up $3.20 during trading on Monday, hitting $113.20. 2,785,557 shares of the company's stock were exchanged, compared to its average volume of 2,044,645. The business's 50-day simple moving average is $117.95 and its 200 day simple moving average is $131.12. Teradyne, Inc. has a 52-week low of $90.24 and a 52-week high of $163.21. The company has a market cap of $18.44 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.38 and a beta of 1.52.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (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 firm had revenue of $737.30 million for the quarter, compared to analysts' expectations of $716.40 million. During the same quarter last year, the business posted $0.80 earnings per share. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne declared that its board has approved a stock repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Teradyne Dividend Announcement

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 given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. Teradyne's payout ratio is 15.24%.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. This trade represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the sale, the director now owns 16,518 shares in the company, valued at approximately $2,204,987.82. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,199 shares of company stock valued at $1,080,634. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on TER shares. Robert W. Baird lowered their target price on Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Evercore ISI upped their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. StockNews.com raised shares of Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. Craig Hallum reduced their target price 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, Northland Securities decreased their price target on shares of Teradyne from $126.00 to $117.00 and set a "market perform" rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.