Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 334,678 shares of the company’s stock after acquiring an additional 2,128 shares during the period. Westfield Capital Management Co. LP owned about 0.21% of Teradyne worth $44,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Swedbank AB raised its holdings in Teradyne by 198.8% in the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after acquiring an additional 426,900 shares in the last quarter. MBB Public Markets I LLC bought a new position in shares of Teradyne during the second quarter worth about $1,619,000. SG Americas Securities LLC grew its stake in Teradyne by 65.1% in the second quarter. SG Americas Securities LLC now owns 36,515 shares of the company’s stock worth $5,415,000 after purchasing an additional 14,395 shares in the last quarter. Cetera Investment Advisers increased its holdings in Teradyne by 161.6% in the first quarter. Cetera Investment Advisers now owns 19,075 shares of the company’s stock valued at $2,152,000 after buying an additional 11,782 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in Teradyne during the second quarter valued at approximately $236,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Up 2.5 %

Shares of Teradyne stock opened at $108.21 on Monday. Teradyne, Inc. has a 52 week low of $90.24 and a 52 week high of $163.21. The stock has a market cap of $17.62 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.34 and a beta of 1.52. The company’s 50-day moving average price is $120.00 and its two-hundred day moving average price is $131.71.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million during 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 earnings per share. On average, equities analysts predict that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne declared that its board has authorized a share buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Insider Activity

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the sale, the director now owns 16,518 shares in the company, valued at $2,204,987.82. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,199 shares of company stock valued at $1,080,634 over the last three months. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. Stifel Nicolaus decreased their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Evercore ISI boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Northland Securities cut their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. Finally, Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a 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 assigned a buy rating to the stock. According to data from MarketBeat, Teradyne has an average rating of “Hold” and an average target price 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.