Franklin Resources Inc. Has $11.88 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Franklin Resources Inc. boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 30.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,879 shares of the company's stock after purchasing an additional 20,762 shares during the period. Franklin Resources Inc. owned about 0.05% of Teradyne worth $11,878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in Teradyne during the second quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in Teradyne during the 3rd quarter worth $29,000. Rothschild Investment LLC bought a new stake in Teradyne during the second quarter valued at about $33,000. Quarry LP grew its holdings in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company's stock valued at $35,000 after buying an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its position in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock worth $40,000 after acquiring an additional 118 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Evercore ISI lifted 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. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, October 25th. 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 report on Friday, October 25th. JPMorgan Chase & Co. raised Teradyne from a "neutral" rating to an "overweight" rating and raised their price target for the company from $145.00 to $158.00 in a report on Monday, December 16th. Finally, Craig Hallum reduced their price objective on Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.25.

Teradyne Trading Up 0.6 %

Shares of TER traded up $0.76 on Friday, reaching $125.95. 7,129,028 shares of the company's stock were exchanged, compared to its average volume of 2,107,128. The business has a 50 day moving average price of $114.82 and a two-hundred day moving average price of $129.13. Teradyne, Inc. has a 12 month low of $92.29 and a 12 month high of $163.21. The stock has a market capitalization of $20.51 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 2.66 and a beta of 1.51.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million for 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%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 EPS. Equities research analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne's payout ratio is presently 15.24%.

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

Insider Buying and Selling

In other Teradyne news, insider Richard John Burns sold 789 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares in the company, valued at $2,903,539.20. This trade represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mercedes Johnson sold 625 shares of the company'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 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 three months, insiders sold 4,494 shares of company stock worth $596,803. 0.36% of the stock is owned by corporate insiders.

About Teradyne

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.