MetLife Investment Management LLC Has $6.53 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

MetLife Investment Management LLC raised its stake in Teradyne, Inc. (NASDAQ:TER) by 1.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 48,781 shares of the company’s stock after buying an additional 736 shares during the period. MetLife Investment Management LLC’s holdings in Teradyne were worth $6,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock valued at $682,597,000 after purchasing an additional 57,989 shares in the last quarter. Van ECK Associates Corp raised its holdings in Teradyne by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after buying an additional 183,721 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Teradyne by 18.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after buying an additional 374,522 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Teradyne by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock worth $299,073,000 after acquiring an additional 47,157 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Teradyne by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 968,841 shares of the company’s stock worth $129,757,000 after acquiring an additional 49,115 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TER shares. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Craig Hallum reduced their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Evercore ISI raised their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research note on Friday, August 16th. Finally, Robert W. Baird decreased their target price 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. One equities research 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 MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $142.62.

Insider Activity

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’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 $83,000.00. Following the completion of the transaction, the director now owns 15,893 shares of the company’s stock, valued at $2,110,590.40. The trade was a 3.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Burns sold 789 shares of the stock in a transaction 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 directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,199 shares of company stock worth $1,080,634. 0.36% of the stock is owned by company insiders.

Teradyne Trading Up 1.8 %

Teradyne stock opened at $110.00 on Friday. The firm has a 50 day simple moving average of $117.95 and a 200 day simple moving average of $131.10. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21. The firm has a market capitalization of $17.91 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 2.34 and a beta of 1.52.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The company 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 firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. On average, equities research analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

The company also recently declared 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Teradyne declared that its Board of Directors has approved a share repurchase plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.