Meeder Asset Management Inc. Increases Stake in Teradyne, Inc. (NASDAQ:TER)

Meeder Asset Management Inc. raised its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 20.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,799 shares of the company's stock after acquiring an additional 5,595 shares during the period. Meeder Asset Management Inc.'s holdings in Teradyne were worth $4,393,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TER. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Teradyne during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the 3rd quarter worth $29,000. Rothschild Investment LLC purchased a new position in shares of Teradyne in the 2nd quarter worth about $33,000. Quarry LP grew its position in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company's stock valued at $35,000 after buying an additional 169 shares during the period. Finally, Tortoise Investment Management LLC increased its holdings in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock worth $40,000 after buying an additional 118 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Down 1.3 %

NASDAQ:TER traded down $1.35 during mid-day trading on Tuesday, hitting $102.80. 2,031,738 shares of the stock traded hands, compared to its average volume of 2,046,168. The business's 50-day moving average price is $121.47 and its 200 day moving average price is $132.03. The company has a market cap of $16.74 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 2.22 and a beta of 1.52. 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 posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to analysts' expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. Teradyne's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. Analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared 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. This represents a $0.48 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne's dividend payout ratio (DPR) is currently 15.24%.

Teradyne announced that its Board of Directors has initiated a share 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 buy up to 0.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Robert W. Baird dropped their target price 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. JPMorgan Chase & Co. upped their price objective on Teradyne from $120.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, July 23rd. StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. Evercore ISI boosted their target price on Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Finally, Craig Hallum cut their price target on Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $142.62.

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 789 shares of the business's 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. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the transaction, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,199 shares of company stock worth $1,080,634. 0.18% of the stock is currently owned by corporate 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.