XXEC Inc. Has $5.08 Million Stake in Teradyne, Inc. (NASDAQ:TER)

XXEC Inc. increased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 379.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,915 shares of the company's stock after acquiring an additional 30,000 shares during the quarter. Teradyne comprises about 3.8% of XXEC Inc.'s holdings, making the stock its 15th biggest holding. XXEC Inc.'s holdings in Teradyne were worth $5,078,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new stake in Teradyne in the second quarter worth $27,000. Capital Performance Advisors LLP purchased a new position in Teradyne during the third quarter valued at approximately $29,000. Rothschild Investment LLC purchased a new stake in shares of Teradyne in the second quarter valued at approximately $33,000. Quarry LP boosted its stake in Teradyne by 256.1% during 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 holdings in Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

Shares of TER stock traded down $0.48 during trading hours on Tuesday, reaching $108.33. The stock had a trading volume of 2,213,317 shares, compared to its average volume of 2,041,409. The firm has a market capitalization of $17.64 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 2.41 and a beta of 1.52. The firm has a 50-day simple moving average of $123.83 and a 200-day simple moving average of $132.52. Teradyne, Inc. has a twelve month low of $85.75 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced 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. The business 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%. Teradyne's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 earnings per share. On average, equities analysts anticipate that Teradyne, Inc. will post 3.15 earnings per share for the current year.

Teradyne Announces Dividend

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 given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.44%. Teradyne's payout ratio is 15.24%.

Teradyne announced that its board has approved a stock repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase 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 shares are undervalued.

Wall Street Analyst Weigh In

TER has been the subject of several research reports. Northland Capmk cut Teradyne from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 18th. JPMorgan Chase & Co. upped their target price on Teradyne from $120.00 to $145.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 23rd. StockNews.com upgraded Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Cantor Fitzgerald raised Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 price objective for the company in a report on Friday, August 16th. 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 note on Friday, October 25th. One equities research 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 data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $142.62.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the firm's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now owns 35,834 shares in the company, valued at $4,768,072.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares of the company's stock, valued at $10,896,080. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the business's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,352 shares of company stock worth $1,899,353 over the last ninety days. 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.