Thematics Asset Management Reduces Position in Teradyne, Inc. (NASDAQ:TER)

Thematics Asset Management lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 10.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 146,103 shares of the company’s stock after selling 16,704 shares during the quarter. Thematics Asset Management owned 0.09% of Teradyne worth $19,568,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TER. Ashton Thomas Private Wealth LLC bought a new stake in Teradyne during the second quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the 3rd quarter valued at about $29,000. Rothschild Investment LLC acquired a new stake in Teradyne during the second quarter worth about $33,000. Quarry LP lifted its holdings in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TER. Stifel Nicolaus cut their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Northland Securities reduced their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. Evercore ISI increased their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird reduced their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $142.62.

Teradyne Trading Up 0.0 %

NASDAQ:TER traded up $0.05 during mid-day trading on Tuesday, reaching $110.72. 307,711 shares of the stock were exchanged, compared to its average volume of 2,040,324. 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 $18.03 billion, a PE ratio of 35.13, a PEG ratio of 2.34 and a beta of 1.52. The business has a fifty day moving average price of $119.65 and a 200 day moving average price of $131.62.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 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 the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. On average, sell-side analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Announces Dividend

The firm 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 $0.12 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne declared that its Board of Directors has approved a stock repurchase program on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred 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 directly owns 83,816 shares in the company, valued at approximately $10,896,080. The trade was a 3.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 16,518 shares of the company’s stock, valued at $2,204,987.82. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,199 shares of company stock worth $1,080,634. 0.18% of the stock is owned by corporate insiders.

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.