Mizuho Securities USA LLC Purchases 167,877 Shares of Teradyne, Inc. (NASDAQ:TER)

Mizuho Securities USA LLC increased its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 1,394.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 179,918 shares of the company's stock after purchasing an additional 167,877 shares during the quarter. Mizuho Securities USA LLC owned 0.11% of Teradyne worth $24,096,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Coastline Trust Co acquired a new position in Teradyne during the 3rd quarter worth about $46,000. Empirical Finance LLC boosted its stake in Teradyne by 3.2% during the 3rd quarter. Empirical Finance LLC now owns 4,929 shares of the company's stock worth $660,000 after purchasing an additional 153 shares during the period. Cornercap Investment Counsel Inc. purchased a new stake in Teradyne during the 3rd quarter valued at approximately $806,000. CIBC Asset Management Inc boosted its holdings in shares of Teradyne by 12.0% in the third quarter. CIBC Asset Management Inc now owns 23,439 shares of the company's stock valued at $3,139,000 after acquiring an additional 2,505 shares in the last quarter. Finally, Lifeworks Advisors LLC acquired a new stake in shares of Teradyne in the 3rd quarter valued at approximately $260,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Insiders Place Their Bets

In related news, CFO Sanjay Mehta sold 6,153 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares of the company's stock, valued at approximately $4,768,072.04. This trade represents a 14.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,352 shares of company stock valued at $1,899,353 in the last 90 days. 0.36% of the stock is currently owned by insiders.

Teradyne Stock Performance

Shares of NASDAQ:TER traded down $3.94 during trading on Friday, hitting $102.58. 3,091,875 shares of the stock were exchanged, compared to its average volume of 2,042,539. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.52. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21. The company's fifty day simple moving average is $122.33 and its 200-day simple moving average is $132.01.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during 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%. The company's revenue for the quarter 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. On average, research analysts forecast that Teradyne, Inc. will post 3.15 earnings per share for the current fiscal year.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be given 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 0.47%. Teradyne's dividend payout ratio (DPR) is 15.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TER. Robert W. Baird decreased their target price on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Northland Securities decreased their target price on shares of Teradyne from $126.00 to $117.00 and set a "market perform" rating for the company in a research note on Friday, October 25th. 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 report on Friday, October 25th. Evercore ISI boosted their target price on shares of Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Finally, Susquehanna upped their price objective on Teradyne from $130.00 to $145.00 and gave the stock a "positive" rating in a research note on Friday, July 26th. One 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.com, the stock has a consensus rating of "Hold" and an average price target of $142.62.

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.