Chevy Chase Trust Holdings LLC Purchases 20,251 Shares of Teradyne, Inc. (NASDAQ:TER)

Chevy Chase Trust Holdings LLC grew its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 18.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,184 shares of the company's stock after acquiring an additional 20,251 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.08% of Teradyne worth $17,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of TER. Ashton Thomas Private Wealth LLC purchased a new stake in Teradyne during the second quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in Teradyne during the third quarter valued at about $29,000. Rothschild Investment LLC purchased a new stake in Teradyne during the second quarter valued at about $33,000. Quarry LP lifted its holdings in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company's stock valued at $35,000 after purchasing an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Up 1.2 %

Shares of TER stock traded up $1.42 during trading hours on Wednesday, hitting $116.89. 2,628,527 shares of the company's stock were exchanged, compared to its average volume of 2,049,812. The company has a market capitalization of $19.04 billion, a PE ratio of 37.11, a PEG ratio of 2.45 and a beta of 1.51. Teradyne, Inc. has a 12-month low of $90.24 and a 12-month high of $163.21. The business's 50 day simple moving average is $117.31 and its 200-day simple moving average is $130.87.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping 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 earned $0.80 earnings per share. The business's revenue was up 4.8% on a year-over-year basis. Equities analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

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

Teradyne declared that its board has initiated a stock repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have commented on TER shares. Evercore ISI upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. StockNews.com upgraded Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. Robert W. Baird decreased their price target on 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 decreased their price target 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. Finally, Craig Hallum decreased 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. One research 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.com, the company has an average rating of "Hold" and an average target price of $142.62.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the sale, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. This trade represents a 3.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,574 shares of company stock worth $997,203. Insiders own 0.18% 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.