Janus Henderson Group PLC Has $22.02 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Janus Henderson Group PLC lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 42.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,440 shares of the company's stock after selling 121,209 shares during the quarter. Janus Henderson Group PLC owned about 0.10% of Teradyne worth $22,022,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TER. Alkeon Capital Management LLC increased its stake in shares of Teradyne by 189.6% during the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock worth $153,218,000 after acquiring an additional 749,003 shares during the period. Holocene Advisors LP purchased a new stake in Teradyne in the 3rd quarter valued at approximately $91,129,000. Swedbank AB raised its stake in shares of Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company's stock worth $95,145,000 after buying an additional 426,900 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company's stock valued at $325,814,000 after buying an additional 374,522 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in shares of Teradyne by 70.8% in the third quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company's stock valued at $99,404,000 after buying an additional 307,724 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Price Performance

NASDAQ:TER traded up $4.79 on Friday, reaching $118.51. The stock had a trading volume of 3,466,780 shares, compared to its average volume of 2,015,536. The company has a market cap of $19.30 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 2.53 and a beta of 1.51. Teradyne, Inc. has a 12-month low of $91.11 and a 12-month high of $163.21. The firm's fifty day moving average is $116.24 and its two-hundred day moving average is $130.44.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly 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 return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. During the same quarter last year, the business posted $0.80 EPS. The business's revenue was up 4.8% on a year-over-year basis. As a group, research analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne declared that its board has authorized a share buyback plan 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 stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The firm also recently declared 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 of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. Teradyne's dividend payout ratio (DPR) is presently 15.24%.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares of the company's stock, valued at $10,896,080. The trade was a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was 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. This represents a 3.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,574 shares of company stock worth $997,203. Company insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TER shares. Northland Securities dropped their price objective on Teradyne from $126.00 to $117.00 and set a "market perform" rating on the stock in a report on Friday, October 25th. Cantor Fitzgerald upgraded shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 price target for the company in a report on Friday, August 16th. 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 report on Friday, October 25th. Craig Hallum decreased their price objective on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Finally, Stifel Nicolaus reduced their price target on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $142.62.

Teradyne Company 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.