BNP Paribas Decreases Stock Position in Teradyne, Inc. (NASDAQ:TER)

BNP Paribas lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 29.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,654 shares of the company’s stock after selling 1,943 shares during the quarter. BNP Paribas’ holdings in Teradyne were worth $623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kennedy Capital Management LLC boosted its stake in shares of Teradyne by 5.9% during the 1st quarter. Kennedy Capital Management LLC now owns 14,219 shares of the company’s stock valued at $1,604,000 after buying an additional 787 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Teradyne by 38.1% during the 1st quarter. Janus Henderson Group PLC now owns 315,631 shares of the company’s stock valued at $35,613,000 after buying an additional 87,150 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Teradyne by 52.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,348 shares of the company’s stock valued at $491,000 after buying an additional 1,498 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Teradyne by 0.4% during the 1st quarter. California State Teachers Retirement System now owns 247,997 shares of the company’s stock valued at $27,982,000 after buying an additional 1,065 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Teradyne by 146.3% during the 1st quarter. Tidal Investments LLC now owns 11,591 shares of the company’s stock valued at $1,307,000 after buying an additional 6,885 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the 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 transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 789 shares of the 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 transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,199 shares of company stock valued at $1,080,634. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TER. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Northland Securities dropped their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research report on Friday, October 25th. Evercore ISI upped their price target on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research report on Friday, August 16th. Finally, Craig Hallum dropped their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. One 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 stock. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and an average target price of $142.62.

Teradyne Price Performance

Shares of NASDAQ TER opened at $108.09 on Thursday. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21. The business’s fifty day moving average price is $118.84 and its two-hundred day moving average price is $131.36. The firm has a market capitalization of $17.60 billion, a PE ratio of 34.31, a P/E/G ratio of 2.39 and a beta of 1.52.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same period last year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne declared that its Board of Directors has authorized a stock buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. Teradyne’s payout ratio is 15.24%.

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.