Geode Capital Management LLC Acquires 209,868 Shares of Teradyne, Inc. (NASDAQ:TER)

Geode Capital Management LLC grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 5.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,011,131 shares of the company's stock after purchasing an additional 209,868 shares during the quarter. Geode Capital Management LLC owned about 2.46% of Teradyne worth $535,484,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Goodman Advisory Group LLC increased its holdings in shares of Teradyne by 2.0% in the third quarter. Goodman Advisory Group LLC now owns 22,883 shares of the company's stock worth $3,065,000 after purchasing an additional 457 shares during the period. Vestcor Inc increased its stake in Teradyne by 27.9% in the 3rd quarter. Vestcor Inc now owns 22,894 shares of the company's stock worth $3,066,000 after acquiring an additional 5,000 shares during the last quarter. M&T Bank Corp increased its stake in Teradyne by 41.1% in the 3rd quarter. M&T Bank Corp now owns 8,645 shares of the company's stock worth $1,158,000 after acquiring an additional 2,519 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Teradyne by 17.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock valued at $10,325,000 after acquiring an additional 11,541 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Teradyne during the 3rd quarter valued at about $571,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a research note on Friday, October 25th. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, October 25th. StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Northland Securities dropped their price target on Teradyne from $126.00 to $117.00 and set a "market perform" rating for the company in a research note on Friday, October 25th. Finally, Craig Hallum cut their price objective on Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a report on Friday, October 25th. 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 stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $142.62.

Insider Activity

In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on 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 sale, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. The trade was a 3.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $409,024.00. Following the transaction, the chief executive officer now owns 80,736 shares in the company, valued at approximately $10,721,740.80. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,494 shares of company stock worth $596,803 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

Teradyne Stock Up 1.9 %

Shares of NASDAQ:TER traded up $2.27 on Friday, hitting $123.22. The company had a trading volume of 3,953,845 shares, compared to its average volume of 2,069,738. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The firm's 50-day simple moving average is $115.18 and its two-hundred day simple moving average is $129.74. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 39.12, a P/E/G ratio of 2.60 and a beta of 1.51.

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 analysts' consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million during the quarter, compared to analysts' expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. Equities research analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.39%. Teradyne's dividend payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has initiated a stock repurchase program on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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.