Charles Schwab Investment Management Inc. Grows Holdings in Teradyne, Inc. (NASDAQ:TER)

Charles Schwab Investment Management Inc. boosted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 968,841 shares of the company's stock after acquiring an additional 49,115 shares during the period. Charles Schwab Investment Management Inc. owned about 0.59% of Teradyne worth $129,757,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Mitchell & Pahl Private Wealth LLC increased its holdings in shares of Teradyne by 1.1% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company's stock valued at $1,074,000 after acquiring an additional 79 shares during the period. Whittier Trust Co. increased its stake in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. now owns 950 shares of the company's stock worth $127,000 after acquiring an additional 88 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in Teradyne by 17.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company's stock worth $97,000 after purchasing an additional 96 shares in the last quarter. Wealth Alliance lifted its position in Teradyne by 3.3% in the second quarter. Wealth Alliance now owns 3,044 shares of the company's stock valued at $451,000 after purchasing an additional 98 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Teradyne by 10.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company's stock valued at $149,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $409,024.00. Following the completion of the transaction, the chief executive officer now directly owns 80,736 shares in the company, valued at approximately $10,721,740.80. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the sale, the insider now directly owns 21,864 shares in the company, valued at $2,903,539.20. This trade represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,199 shares of company stock valued at $1,080,634. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Northland Securities dropped their target price on Teradyne from $126.00 to $117.00 and set a "market perform" rating on the stock in a research report on Friday, October 25th. Evercore ISI increased their price objective on Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Stifel Nicolaus decreased their target price 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. Craig Hallum lowered their price target on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird reduced their price objective on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a research note 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $142.62.

Teradyne Stock Performance

NASDAQ TER traded down $1.61 during mid-day trading on Tuesday, reaching $109.06. 1,767,861 shares of the stock were exchanged, compared to its average volume of 2,047,001. The stock has a market capitalization of $17.76 billion, a PE ratio of 34.62, a PEG ratio of 2.34 and a beta of 1.52. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21. The business's fifty day simple moving average is $119.24 and its 200 day simple moving average is $131.52.

Teradyne (NASDAQ:TER - Get Free Report) last released its 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. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same period in the prior year, the firm posted $0.80 earnings per share. The business's quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne announced that its Board of Directors has authorized a stock repurchase plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors 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 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, November 25th. Teradyne's dividend payout ratio (DPR) is presently 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.