State Street Corp Has $921.46 Million Position in Teradyne, Inc. (NASDAQ:TER)

State Street Corp raised its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,880,148 shares of the company's stock after acquiring an additional 350,002 shares during the quarter. State Street Corp owned about 4.22% of Teradyne worth $921,458,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $409,024.00. Following the sale, the chief executive officer now owns 80,736 shares of the company's stock, valued at $10,721,740.80. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard John Burns sold 789 shares of Teradyne 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 transaction, 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. Insiders have sold 7,574 shares of company stock worth $997,203 in the last 90 days. Company insiders own 0.36% of the company's stock.

Teradyne Stock Up 4.2 %

Shares of NASDAQ TER traded up $4.79 during mid-day trading on Friday, reaching $118.51. 3,466,780 shares of the company were exchanged, compared to its average volume of 2,015,536. Teradyne, Inc. has a twelve month low of $91.11 and a twelve month high of $163.21. The stock has a market capitalization of $19.30 billion, a P/E ratio of 37.62, a P/E/G ratio of 2.53 and a beta of 1.51. The company's 50-day simple moving average is $116.24 and its 200-day simple moving average is $130.44.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same period last year, the business posted $0.80 earnings per share. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities research analysts expect that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne announced that its board has authorized a stock buyback program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne's dividend payout ratio is 15.24%.

Analyst Upgrades and Downgrades

TER has been the subject of a number of recent research reports. StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Cantor Fitzgerald raised Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 price target for the company in a research report on Friday, August 16th. Stifel Nicolaus lowered 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. Craig Hallum dropped 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. Finally, 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.