Verition Fund Management LLC Acquires 69,488 Shares of Teradyne, Inc. (NASDAQ:TER)

Verition Fund Management LLC increased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 975.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,611 shares of the company's stock after purchasing an additional 69,488 shares during the quarter. Verition Fund Management LLC's holdings in Teradyne were worth $10,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Teradyne by 1.1% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company's stock worth $1,074,000 after buying an additional 79 shares during the last quarter. Whittier Trust Co. increased its position in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company's stock worth $127,000 after purchasing an additional 88 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Teradyne by 17.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company's stock valued at $97,000 after purchasing an additional 96 shares in the last quarter. Wealth Alliance lifted its holdings in Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company's stock worth $451,000 after buying an additional 98 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Teradyne by 10.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company's stock worth $149,000 after purchasing an additional 103 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Up 1.8 %

Teradyne stock traded up $1.91 during mid-day trading on Friday, hitting $110.00. The company's stock had a trading volume of 1,437,423 shares, compared to its average volume of 2,024,377. The stock has a market capitalization of $17.91 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.38 and a beta of 1.52. 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 $117.95 and its two-hundred day moving average price 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 (EPS) 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 business had revenue of $737.30 million for the quarter, compared to analysts' expectations of $716.40 million. During the same period in the previous year, the firm posted $0.80 EPS. The company's quarterly 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 approved a share repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be paid 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%.

Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 789 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 value of $104,779.20. Following the transaction, the insider now owns 21,864 shares in the company, valued at $2,903,539.20. This represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction 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 have sold a total of 8,199 shares of company stock valued at $1,080,634 over the last ninety days. Corporate insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Robert W. Baird lowered their target price on Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Northland Securities dropped their price objective on shares of Teradyne from $126.00 to $117.00 and set a "market perform" rating on the stock in a report on Friday, October 25th. Cantor Fitzgerald raised shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 target price for the company in a research note on Friday, August 16th. StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Finally, Craig Hallum reduced their price objective on Teradyne from $124.00 to $111.00 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 given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.