The Manufacturers Life Insurance Company Has $13.68 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

The Manufacturers Life Insurance Company lifted its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 6.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,122 shares of the company's stock after purchasing an additional 5,804 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Teradyne worth $13,677,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Truvestments Capital LLC acquired a new position in Teradyne during the 3rd quarter worth approximately $322,000. Daiwa Securities Group Inc. boosted its holdings in shares of Teradyne by 12.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 21,780 shares of the company's stock valued at $2,917,000 after buying an additional 2,370 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Teradyne by 0.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 334,678 shares of the company's stock valued at $44,823,000 after buying an additional 2,128 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Teradyne by 34.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,681 shares of the company's stock valued at $225,000 after buying an additional 432 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of Teradyne by 2.4% in the 3rd quarter. Swedbank AB now owns 657,084 shares of the company's stock valued at $88,003,000 after buying an additional 15,470 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Performance

NASDAQ TER traded up $1.91 during trading hours on Monday, reaching $110.00. The company's stock had a trading volume of 1,437,423 shares, compared to its average volume of 2,041,438. 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 cap of $17.91 billion, a PE ratio of 34.92, a PEG ratio of 2.38 and a beta of 1.52. The company's 50-day moving average is $117.95 and its two-hundred day moving average is $131.12.

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

Teradyne announced that its board has authorized a stock repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne's dividend payout ratio is presently 15.24%.

Insiders Place Their Bets

In related news, insider Richard John Burns sold 789 shares of the firm's stock in a transaction that occurred 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 owns 21,864 shares of the company's stock, valued at approximately $2,903,539.20. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the sale, the director now owns 16,518 shares of the company's stock, valued at approximately $2,204,987.82. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,199 shares of company stock valued at $1,080,634 over the last 90 days. 0.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

TER has been the subject of several research analyst reports. Evercore ISI upped their target price on shares of Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Northland Securities lowered their target price on shares of Teradyne from $126.00 to $117.00 and set a "market perform" rating for the company in a report on Friday, October 25th. Craig Hallum lowered their target price on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a report on Friday, October 25th. Robert W. Baird reduced their price target on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, Stifel Nicolaus reduced their price target on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research report on Friday, October 25th. One research 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $142.62.

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.