Sora Investors LLC Makes New $5.36 Million Investment in Teradyne, Inc. (NASDAQ:TER)

Sora Investors LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 40,000 shares of the company's stock, valued at approximately $5,357,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its stake in Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company's stock valued at $921,458,000 after acquiring an additional 350,002 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Teradyne by 2.2% during the third quarter. Quantinno Capital Management LP now owns 52,890 shares of the company's stock worth $7,084,000 after buying an additional 1,162 shares during the last quarter. Quarry LP raised its holdings in shares of Teradyne by 91.9% in the third quarter. Quarry LP now owns 451 shares of the company's stock valued at $60,000 after purchasing an additional 216 shares during the last quarter. Royal London Asset Management Ltd. grew its position in Teradyne by 4.1% during the third quarter. Royal London Asset Management Ltd. now owns 69,187 shares of the company's stock valued at $9,266,000 after buying an additional 2,702 shares during the period. Finally, Reynders McVeigh Capital Management LLC raised its position in shares of Teradyne by 0.5% in the third quarter. Reynders McVeigh Capital Management LLC now owns 142,199 shares of the company's stock valued at $19,045,000 after purchasing an additional 690 shares during the period. Institutional investors own 99.77% of the company's stock.

Insider Transactions at Teradyne

In other news, 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 value of $83,000.00. Following the sale, the director now directly owns 15,893 shares in the company, valued at approximately $2,110,590.40. This trade represents a 3.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares of the company's stock, valued at $10,896,080. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,574 shares of company stock worth $997,203. 0.36% of the stock is currently owned by company insiders.

Teradyne Stock Up 5.0 %

NASDAQ TER traded up $5.68 on Friday, reaching $119.40. The company had a trading volume of 1,200,933 shares, compared to its average volume of 2,045,349. The firm's 50 day moving average price is $116.56 and its 200 day moving average price is $130.66. Teradyne, Inc. has a 12 month low of $91.11 and a 12 month high of $163.21. The stock has a market capitalization of $19.45 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.50 and a beta of 1.51.

Teradyne (NASDAQ:TER - Get Free Report) last released 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 net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same quarter last year, the business earned $0.80 earnings per share. Teradyne's quarterly revenue was up 4.8% compared to the same quarter last year. On average, research analysts expect that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne declared that its Board of Directors has initiated a stock buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.40%. Teradyne's payout ratio is 15.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TER shares. Cantor Fitzgerald raised shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 price target on the stock in a report on Friday, August 16th. StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Northland Securities reduced their price objective on Teradyne from $126.00 to $117.00 and set a "market perform" rating on the stock in a research report on Friday, October 25th. Craig Hallum dropped their target price 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, Stifel Nicolaus decreased their price target on Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a research note on Friday, October 25th. One 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, the stock has a consensus rating of "Hold" and a consensus target price of $142.62.

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.