Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Vestcor Inc

Vestcor Inc raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 27.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,894 shares of the company's stock after purchasing an additional 5,000 shares during the quarter. Vestcor Inc's holdings in Teradyne were worth $3,066,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Alkeon Capital Management LLC increased its holdings in Teradyne by 189.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock worth $153,218,000 after purchasing an additional 749,003 shares during the period. Holocene Advisors LP purchased a new position in shares of Teradyne during the third quarter valued at $91,129,000. Swedbank AB increased its stake in shares of Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company's stock valued at $95,145,000 after buying an additional 426,900 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Teradyne by 18.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company's stock valued at $325,814,000 after acquiring an additional 374,522 shares in the last quarter. Finally, State Street Corp grew its holdings in Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock worth $921,458,000 after acquiring an additional 350,002 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Performance

TER stock traded up $3.17 during midday trading on Wednesday, reaching $120.20. The stock had a trading volume of 2,360,460 shares, compared to its average volume of 2,061,069. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21. The stock has a market cap of $19.58 billion, a PE ratio of 37.15, a P/E/G ratio of 2.56 and a beta of 1.51. The firm has a fifty day simple moving average of $115.71 and a two-hundred day simple moving average of $130.02.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, sell-side analysts predict that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne declared that its Board of Directors has authorized a share buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Teradyne Announces Dividend

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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Monday, November 25th. Teradyne's dividend payout ratio (DPR) is 15.24%.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 80,736 shares of the company's stock, valued at $10,721,740.80. This represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mercedes Johnson sold 625 shares of the 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 $83,000.00. Following the transaction, the director now owns 15,893 shares in the company, valued at $2,110,590.40. This trade represents a 3.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,494 shares of company stock worth $596,803 in the last three months. Company insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TER shares. Northland Securities reduced their price target 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. StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. Evercore ISI boosted their price target on Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Stifel Nicolaus dropped their price objective on Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. Finally, Craig Hallum reduced 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $142.62.

Teradyne 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.