Toronto Dominion Bank Buys 33,714 Shares of Teradyne, Inc. (NASDAQ:TER)

Toronto Dominion Bank increased its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 64.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,164 shares of the company's stock after purchasing an additional 33,714 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Teradyne worth $11,540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TER. Whittier Trust Co. boosted its position in shares of Teradyne by 10.2% in the third quarter. Whittier Trust Co. now owns 950 shares of the company's stock worth $127,000 after purchasing an additional 88 shares during the period. Wealth Alliance lifted its stake in shares of Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company's stock valued at $451,000 after buying an additional 98 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company's stock worth $149,000 after buying an additional 103 shares during the period. Thrivent Financial for Lutherans increased its stake in Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock worth $858,000 after buying an additional 104 shares in the last quarter. Finally, VELA Investment Management LLC raised its holdings in Teradyne by 0.9% during the third quarter. VELA Investment Management LLC now owns 12,782 shares of the company's stock valued at $1,712,000 after acquiring an additional 113 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 80,736 shares in the company, valued at approximately $10,721,740.80. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mercedes Johnson sold 625 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the transaction, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. The trade was a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,494 shares of company stock worth $596,803. Insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

TER has been the subject of a number of recent analyst reports. StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Robert W. Baird lowered their price target on Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Northland Securities cut their price objective 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. Evercore ISI lifted their price objective 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. Finally, Stifel Nicolaus dropped their target price 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 analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $142.62.

Teradyne Stock Up 1.9 %

NASDAQ TER traded up $2.27 during trading hours on Friday, hitting $123.22. 3,953,845 shares of the company were exchanged, compared to its average volume of 2,069,738. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21. The stock has a 50-day moving average price of $115.18 and a 200 day moving average price of $129.64. The stock has a market cap of $20.07 billion, a PE ratio of 39.12, a price-to-earnings-growth ratio of 2.60 and a beta of 1.51.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share 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 firm had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. During the same quarter in the previous year, the company posted $0.80 EPS. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current year.

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

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders 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 dividend yield of 0.39%. Teradyne's dividend payout ratio (DPR) is presently 15.24%.

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.