National Bank of Canada FI Raises Stock Position in Teradyne, Inc. (NASDAQ:TER)

National Bank of Canada FI boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 210.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,536 shares of the company's stock after acquiring an additional 140,633 shares during the period. National Bank of Canada FI owned 0.13% of Teradyne worth $27,795,000 at the end of the most recent reporting period.

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

Teradyne Stock Performance

TER traded down $2.53 on Tuesday, hitting $117.03. The company had a trading volume of 2,358,742 shares, compared to its average volume of 2,059,812. The stock has a market capitalization of $19.06 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 2.56 and a beta of 1.51. The stock has a fifty day moving average price of $115.95 and a 200-day moving average price of $130.21. Teradyne, Inc. has a 12-month low of $92.29 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating 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 firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the prior year, the business posted $0.80 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne's dividend payout ratio (DPR) is 15.24%.

Teradyne declared that its board has authorized a stock repurchase plan 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TER. Stifel Nicolaus dropped their price objective on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. StockNews.com raised shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Evercore ISI boosted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Craig Hallum cut their price objective on Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a research report on Friday, October 25th. Finally, Cantor Fitzgerald upgraded Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 target price on the stock in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Teradyne currently has a consensus rating of "Hold" and a consensus target price of $142.62.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the 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 transaction, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. This represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the firm's 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 approximately $2,110,590.40. The trade was a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,574 shares of company stock valued at $997,203. 0.36% of the stock is owned by company 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.