EP Wealth Advisors LLC Raises Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

EP Wealth Advisors LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 15.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,493 shares of the company’s stock after purchasing an additional 466 shares during the quarter. EP Wealth Advisors LLC’s holdings in Teradyne were worth $468,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB grew its position in shares of Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after purchasing an additional 426,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Teradyne during the third quarter valued at approximately $2,221,000. MBB Public Markets I LLC bought a new position in Teradyne during the second quarter valued at approximately $1,619,000. Cerity Partners LLC boosted its stake in Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock valued at $1,523,000 after buying an additional 5,294 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in Teradyne by 1.7% during the second quarter. Raymond James & Associates now owns 487,682 shares of the company’s stock valued at $72,318,000 after buying an additional 8,328 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER stock opened at $120.95 on Friday. The stock has a 50 day moving average price of $115.32 and a 200 day moving average price of $129.89. The firm has a market capitalization of $19.70 billion, a P/E ratio of 38.40, a P/E/G ratio of 2.56 and a beta of 1.51. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Dividend Announcement

The business 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. The ex-dividend date is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.40%. Teradyne’s dividend payout ratio is presently 15.24%.

Teradyne announced that its board has authorized a share buyback program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase programs are often 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 a number of research reports. Evercore ISI increased their price target on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Stifel Nicolaus dropped their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Robert W. Baird dropped their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Finally, Northland Securities lowered their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Hold” and an average target price of $142.62.

Insider Activity

In other news, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $409,024.00. Following the completion of the sale, the chief executive officer now directly owns 80,736 shares of the company’s stock, valued at $10,721,740.80. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,494 shares of company stock worth $596,803. 0.36% of the stock is currently owned by company insiders.

Teradyne Company 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.