Cinctive Capital Management LP Acquires Shares of 5,000 Teradyne, Inc. (NASDAQ:TER)

Cinctive Capital Management LP purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,000 shares of the company's stock, valued at approximately $670,000.

A number of other institutional investors also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Teradyne during the 2nd quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in shares of Teradyne in the third quarter valued at about $29,000. Rothschild Investment LLC purchased a new position in shares of Teradyne in the second quarter valued at about $33,000. Quarry LP increased its position in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company's stock valued at $35,000 after acquiring an additional 169 shares during the period. Finally, Tortoise Investment Management LLC increased its position in shares of Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Richard John Burns sold 789 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares of the company's stock, valued at $2,903,539.20. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Tuesday, October 1st. The stock was 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 directly owns 15,893 shares of the company's stock, valued at approximately $2,110,590.40. This trade represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,574 shares of company stock valued at $997,203 over the last three months. Insiders own 0.18% of the company's stock.

Teradyne Price Performance

NASDAQ:TER traded up $1.42 during mid-day trading 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 business has a fifty day moving average price of $117.31 and a 200 day moving average price of $130.87. The company has a market cap of $19.04 billion, a PE ratio of 37.11, a P/E/G ratio of 2.45 and a beta of 1.51. Teradyne, Inc. has a one year low of $90.24 and a one year high of $163.21.

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. The firm had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business's revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. On average, equities analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

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

Teradyne Dividend Announcement

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

Wall Street Analysts Forecast Growth

TER has been the topic of a number of analyst reports. StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. Robert W. Baird decreased 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. Stifel Nicolaus reduced their price target 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 reduced their price target on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. Finally, Northland Securities reduced 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 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $142.62.

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.