Teradyne, Inc. (NASDAQ:TER) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in Teradyne, Inc. (NASDAQ:TER) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,363 shares of the company’s stock after selling 4,609 shares during the period. BNP Paribas Financial Markets owned approximately 0.22% of Teradyne worth $49,067,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TER. Ashton Thomas Private Wealth LLC bought a new stake in Teradyne in the second quarter worth about $27,000. Capital Performance Advisors LLP acquired a new position in shares of Teradyne in the 3rd quarter worth approximately $29,000. Rothschild Investment LLC bought a new stake in shares of Teradyne in the 2nd quarter worth approximately $33,000. Quarry LP lifted its stake in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after buying an additional 118 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of recent research reports. Northland Securities cut their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research report on Friday, October 25th. Craig Hallum reduced 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. Stifel Nicolaus dropped their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Finally, Evercore ISI raised their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Teradyne presently has a consensus rating of “Hold” and an average target price of $142.62.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $108.09 on Friday. The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 2.34 and a beta of 1.52. The business has a 50 day simple moving average of $118.84 and a 200 day simple moving average of $131.36. Teradyne, Inc. has a 52 week low of $90.24 and a 52 week high of $163.21.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.44%. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne declared that its board has initiated a stock repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 789 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were 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. This represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,199 shares of company stock worth $1,080,634. 0.36% of the stock is owned by corporate insiders.

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.