Teradyne, Inc. (NASDAQ:TER) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,000 shares of the company's stock after purchasing an additional 7,751 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.18% of Teradyne worth $39,911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TER. Mitchell & Pahl Private Wealth LLC lifted its stake in Teradyne by 1.1% during 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. lifted its stake in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company's stock valued at $127,000 after acquiring an additional 88 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in Teradyne by 17.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company's stock valued at $97,000 after acquiring an additional 96 shares during the period. Wealth Alliance lifted its stake in Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company's stock valued at $451,000 after acquiring an additional 98 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company's stock valued at $149,000 after acquiring an additional 103 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

NASDAQ TER traded down $0.97 on Thursday, hitting $108.09. The company had a trading volume of 1,370,610 shares, compared to its average volume of 2,044,063. The company has a market capitalization of $17.60 billion, a PE ratio of 34.31, a PEG ratio of 2.39 and a beta of 1.52. The company's fifty day moving average price is $118.84 and its 200-day moving average price is $131.36. Teradyne, Inc. has a 12-month low of $90.24 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced 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 company had revenue of $737.30 million for the quarter, compared to analysts' expectations of $716.40 million. During the same quarter in the previous year, the company posted $0.80 EPS. The firm's quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

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

Teradyne declared that its Board of Directors has authorized a stock repurchase plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore ISI lifted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. StockNews.com raised shares of Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. Robert W. Baird cut their target price 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. Craig Hallum cut their target price on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a report on Friday, October 25th. Finally, Northland Securities cut their target price on shares of Teradyne from $126.00 to $117.00 and set a "market perform" rating for the company in a report on Friday, October 25th. One research 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $142.62.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares of the company's stock, valued at approximately $10,896,080. The trade was a 3.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the transaction, the director now directly owns 16,518 shares in the company, valued at approximately $2,204,987.82. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,199 shares of company stock valued at $1,080,634 in the last 90 days. 0.18% of the stock is owned by insiders.

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.