Teradyne, Inc. (NASDAQ:TER) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 16.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,832 shares of the company's stock after selling 4,238 shares during the period. MML Investors Services LLC's holdings in Teradyne were worth $2,790,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in Teradyne in the third quarter valued at $571,000. National Bank of Canada FI lifted its holdings in shares of Teradyne by 210.2% in the 3rd quarter. National Bank of Canada FI now owns 207,536 shares of the company's stock valued at $27,795,000 after purchasing an additional 140,633 shares during the last quarter. EP Wealth Advisors LLC boosted its position in shares of Teradyne by 15.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 3,493 shares of the company's stock valued at $468,000 after purchasing an additional 466 shares during the period. Wellington Management Group LLP grew its stake in Teradyne by 9.1% during the 3rd quarter. Wellington Management Group LLP now owns 10,684 shares of the company's stock worth $1,431,000 after buying an additional 890 shares during the last quarter. Finally, Wahed Invest LLC increased its position in Teradyne by 15.0% during the third quarter. Wahed Invest LLC now owns 3,792 shares of the company's stock worth $508,000 after buying an additional 495 shares during the period. Hedge funds and other institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TER. JPMorgan Chase & Co. raised Teradyne from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $145.00 to $158.00 in a report on Monday. Craig Hallum decreased their price target on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a research note on Friday, October 25th. StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Stifel Nicolaus decreased their target price on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird dropped their price target on Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.25.

Teradyne Trading Up 5.1 %

Shares of TER traded up $6.26 during mid-day trading on Monday, hitting $129.48. The company's stock had a trading volume of 3,368,823 shares, compared to its average volume of 2,075,105. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21. The firm has a market capitalization of $21.09 billion, a P/E ratio of 41.10, a P/E/G ratio of 2.66 and a beta of 1.51. The firm has a 50-day simple moving average of $115.18 and a 200 day simple moving average of $129.47.

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 the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. As a group, sell-side analysts predict that Teradyne, Inc. will post 3.17 EPS for the current fiscal 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 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 0.37%. Teradyne's payout ratio is currently 15.24%.

Teradyne announced that its board has initiated a share repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business'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 $409,024.00. Following the sale, the chief executive officer now directly owns 80,736 shares in the company, valued at $10,721,740.80. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the transaction, the director now owns 15,893 shares of the company's stock, valued at $2,110,590.40. This trade represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,494 shares of company stock valued at $596,803. Corporate insiders own 0.36% of the company's stock.

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.