Connor Clark & Lunn Investment Management Ltd. Takes $2.22 Million Position in Teradyne, Inc. (NASDAQ:TER)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,584 shares of the company's stock, valued at approximately $2,221,000.

A number of other institutional investors have also modified their holdings of the business. 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 Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company's stock valued at $127,000 after buying an additional 88 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Teradyne by 17.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company's stock valued at $97,000 after buying an additional 96 shares during the period. Wealth Alliance increased its stake in Teradyne by 3.3% in the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company's stock valued at $451,000 after buying an additional 98 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company's stock valued at $149,000 after buying an additional 103 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

TER traded down $1.61 on Tuesday, reaching $109.06. 1,767,861 shares of the company's stock were exchanged, compared to its average volume of 2,047,001. Teradyne, Inc. has a twelve month low of $90.24 and a twelve month high of $163.21. The company's 50 day moving average is $119.65 and its 200-day moving average is $131.62. The company has a market cap of $17.76 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 2.34 and a beta of 1.52.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. Sell-side analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, November 25th. Teradyne's dividend payout ratio is presently 15.24%.

Teradyne declared that its board has initiated a stock repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have issued reports on TER. StockNews.com raised shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Northland Securities dropped 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 note on Friday, October 25th. Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note 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, Evercore ISI boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Teradyne presently has an average rating of "Hold" and a consensus target price of $142.62.

Insider Buying and Selling at Teradyne

In other Teradyne 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 value of $83,000.00. Following the completion of the transaction, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. This represents a 3.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard John Burns sold 789 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares of the company's stock, valued at approximately $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 three months, insiders have sold 8,199 shares of company stock worth $1,080,634. 0.18% of the stock is owned by insiders.

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.