Tidal Investments LLC Buys 6,933 Shares of Teradyne, Inc. (NASDAQ:TER)

Tidal Investments LLC boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 61.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,197 shares of the company's stock after purchasing an additional 6,933 shares during the quarter. Tidal Investments LLC's holdings in Teradyne were worth $2,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TER. Wilmington Savings Fund Society FSB acquired a new stake in shares of Teradyne in the third quarter valued at about $81,000. Anchor Investment Management LLC acquired a new stake in shares of Teradyne in the third quarter worth $95,000. TD Private Client Wealth LLC increased its holdings in shares of Teradyne by 0.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company's stock worth $2,666,000 after purchasing an additional 108 shares during the period. Toronto Dominion Bank grew its position in Teradyne by 64.3% during the third quarter. Toronto Dominion Bank now owns 86,164 shares of the company's stock worth $11,540,000 after buying an additional 33,714 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of Teradyne during the third quarter valued at approximately $244,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TER shares. Craig Hallum lowered their target price on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research note on Friday, October 25th. Evercore ISI boosted their price target 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. Robert W. Baird dropped their price target on 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 target price on Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Finally, Northland Securities cut their price target on Teradyne from $126.00 to $117.00 and set a "market perform" rating for the company in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $147.25.

Teradyne Stock Up 5.1 %

TER stock traded up $6.26 during midday trading on Monday, reaching $129.48. The company's stock had a trading volume of 3,368,823 shares, compared to its average volume of 2,075,105. The business's 50-day simple moving average is $115.18 and its 200-day simple moving average is $129.55. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21. The stock has a market cap of $21.09 billion, a PE ratio of 39.12, a price-to-earnings-growth ratio of 2.66 and a beta of 1.51.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results 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. The company had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 EPS. As a group, equities analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne's dividend payout ratio (DPR) is presently 15.24%.

Teradyne announced that its Board of Directors has initiated a share buyback 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $409,024.00. Following the completion of the transaction, the chief executive officer now directly owns 80,736 shares in the company, valued at approximately $10,721,740.80. The trade was a 3.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard John Burns sold 789 shares of the firm's 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 $104,779.20. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 4,494 shares of company stock valued at $596,803 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

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.