Swiss National Bank Purchases 10,400 Shares of Teradyne, Inc. (NASDAQ:TER)

Swiss National Bank raised its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 463,300 shares of the company's stock after buying an additional 10,400 shares during the period. Swiss National Bank owned about 0.28% of Teradyne worth $62,050,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TER shares. Stifel Nicolaus dropped 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. Evercore ISI boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. Cantor Fitzgerald upgraded shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 price objective for the company in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Teradyne from $120.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, July 23rd. One research 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 data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $142.62.

Teradyne Price Performance

Shares of TER stock traded up $0.78 on Wednesday, reaching $103.58. 2,315,496 shares of the company were exchanged, compared to its average volume of 2,047,365. Teradyne, Inc. has a one year low of $90.24 and a one year high of $163.21. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.22 and a beta of 1.52. The company has a 50-day moving average of $121.47 and a 200-day moving average of $132.03.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share 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 for the quarter, compared to analysts' expectations of $716.40 million. During the same quarter last year, the firm earned $0.80 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 0.46%. Teradyne's dividend payout ratio is 15.24%.

Teradyne declared that its board has initiated a share 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 a sign that the company's management believes its shares are undervalued.

Insider Activity at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares of the company's stock, valued at $2,204,987.82. The trade was a 3.65 % 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, insider Richard John Burns sold 789 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 transaction 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. This represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,199 shares of company stock worth $1,080,634. Corporate insiders own 0.18% of the company's stock.

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.