Cerity Partners LLC Raises Stock Position in Teradyne, Inc. (NASDAQ:TER)

Cerity Partners LLC boosted its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 87.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,371 shares of the company's stock after acquiring an additional 5,294 shares during the quarter. Cerity Partners LLC's holdings in Teradyne were worth $1,523,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB increased its stake in Teradyne by 198.8% in the second 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. Sumitomo Mitsui Trust Group Inc. increased its stake in Teradyne by 18.2% in 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. Eagle Asset Management Inc. increased its stake in Teradyne by 70.8% in the third quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company's stock valued at $99,404,000 after purchasing an additional 307,724 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Teradyne by 4,695.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company's stock valued at $43,041,000 after purchasing an additional 284,197 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in Teradyne in the second quarter valued at approximately $41,467,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TER shares. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Northland Securities lowered their price objective 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. Stifel Nicolaus lowered 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. Cantor Fitzgerald raised Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 target price for the company in a report on Friday, August 16th. Finally, Evercore ISI raised their target price on Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Teradyne has an average rating of "Hold" and a consensus target price of $142.62.

Insider Buying and Selling

In other news, Director Mercedes Johnson sold 625 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the sale, the director now directly owns 15,893 shares in the company, valued at approximately $2,110,590.40. This represents a 3.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company'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 sale, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. This represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,574 shares of company stock valued at $997,203. Company insiders own 0.18% of the company's stock.

Teradyne Stock Up 1.2 %

Teradyne stock traded up $1.42 during trading on Wednesday, hitting $116.89. The stock had a trading volume of 2,628,527 shares, compared to its average volume of 2,049,812. The stock's 50 day moving average is $117.31 and its two-hundred day moving average is $130.87. Teradyne, Inc. has a 1 year low of $90.24 and a 1 year high of $163.21. The stock has a market cap of $19.04 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 2.45 and a beta of 1.51.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.41%. The ex-dividend date is Monday, November 25th. Teradyne's dividend payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has approved a share buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.