Fmr LLC Has $2.06 Billion Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

FMR LLC lessened its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,351,832 shares of the company's stock after selling 498,219 shares during the quarter. FMR LLC owned approximately 9.43% of Teradyne worth $2,056,071,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Teradyne by 6.0% in the third quarter. The Manufacturers Life Insurance Company now owns 102,122 shares of the company's stock valued at $13,677,000 after acquiring an additional 5,804 shares during the period. Truvestments Capital LLC bought a new stake in shares of Teradyne in the 3rd quarter worth approximately $322,000. Daiwa Securities Group Inc. boosted its position in Teradyne by 12.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 21,780 shares of the company's stock valued at $2,917,000 after purchasing an additional 2,370 shares during the period. Westfield Capital Management Co. LP boosted its position in Teradyne by 0.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 334,678 shares of the company's stock valued at $44,823,000 after purchasing an additional 2,128 shares during the period. Finally, Larson Financial Group LLC grew its stake in Teradyne by 34.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,681 shares of the company's stock worth $225,000 after buying an additional 432 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Insider Buying and Selling

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred 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 owns 16,518 shares in the company, valued at $2,204,987.82. This represents a 3.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 789 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the transaction, the insider now owns 21,864 shares in the company, valued at approximately $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 90 days, insiders sold 8,199 shares of company stock valued at $1,080,634. Company insiders own 0.18% of the company's stock.

Teradyne Stock Down 0.9 %

Teradyne stock traded down $0.97 during mid-day trading on Wednesday, hitting $108.09. The company's stock had a trading volume of 1,370,610 shares, compared to its average volume of 2,044,063. Teradyne, Inc. has a twelve month low of $90.24 and a twelve month high of $163.21. The stock's fifty day moving average price is $118.84 and its two-hundred day moving average price is $131.36. The stock has a market capitalization of $17.60 billion, a P/E ratio of 34.31, a P/E/G ratio of 2.39 and a beta of 1.52.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million for the quarter, compared to analysts' expectations of $716.40 million. During the same quarter last year, the business posted $0.80 EPS. Teradyne's revenue was up 4.8% on a year-over-year basis. Equities analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne declared that its Board of Directors has authorized a stock repurchase program on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Teradyne Dividend Announcement

The company 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 $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. Teradyne's dividend payout ratio (DPR) is presently 15.24%.

Wall Street Analysts Forecast Growth

TER has been the topic of a number of recent research reports. StockNews.com upgraded Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Robert W. Baird reduced their target price on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Craig Hallum decreased their target price 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. Stifel Nicolaus cut their price target on Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Finally, Cantor Fitzgerald upgraded 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently 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.