ING Groep NV Sells 20,584 Shares of Teradyne, Inc. (NASDAQ:TER)

ING Groep NV decreased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 26.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,423 shares of the company's stock after selling 20,584 shares during the quarter. ING Groep NV's holdings in Teradyne were worth $7,691,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Teradyne in the 2nd quarter valued at $27,000. Capital Performance Advisors LLP acquired a new position in Teradyne during the third quarter worth $29,000. Rothschild Investment LLC bought a new position in Teradyne during the second quarter valued at about $33,000. Quarry LP lifted its position in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company's stock worth $35,000 after buying an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted 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 purchasing an additional 118 shares during the period. Institutional investors own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

TER has been the topic of a number of research analyst reports. Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Teradyne from $120.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 23rd. Evercore ISI raised their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Robert W. Baird decreased their price target on Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Finally, Citigroup lowered their price objective on shares of Teradyne from $185.00 to $162.00 and set a "buy" rating for the company in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $142.62.

Teradyne Trading Down 3.7 %

Shares of NASDAQ TER traded down $3.94 during midday trading on Friday, reaching $102.58. The company's stock had a trading volume of 3,091,875 shares, compared to its average volume of 2,042,539. The stock has a 50 day simple moving average of $122.33 and a 200-day simple moving average of $132.01. Teradyne, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $163.21. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 2.31 and a beta of 1.52.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same quarter in the prior year, the firm posted $0.80 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that Teradyne, Inc. will post 3.15 EPS for the current year.

Teradyne Dividend Announcement

The business also recently declared 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 0.47%. Teradyne's dividend payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has approved a stock buyback program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Insider Transactions at Teradyne

In related news, CFO Sanjay Mehta sold 6,153 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares of the company's stock, valued at $4,768,072.04. This represents a 14.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. This represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,352 shares of company stock worth $1,899,353. Company insiders own 0.36% of the company's stock.

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.