Cerity Partners LLC Boosts Stake in Teradyne, Inc. (NASDAQ:TER)

Cerity Partners LLC increased its position in Teradyne, Inc. (NASDAQ:TER) by 87.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,371 shares of the company’s stock after buying an additional 5,294 shares during the period. Cerity Partners LLC’s holdings in Teradyne were worth $1,523,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers raised its position in Teradyne by 161.6% during the first quarter. Cetera Investment Advisers now owns 19,075 shares of the company’s stock valued at $2,152,000 after purchasing an additional 11,782 shares during the period. Cetera Advisors LLC purchased a new stake in Teradyne during the first quarter valued at approximately $427,000. Massmutual Trust Co. FSB ADV raised its position in Teradyne by 17.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $97,000 after purchasing an additional 96 shares during the period. Mather Group LLC. raised its position in Teradyne by 66.2% during the second quarter. Mather Group LLC. now owns 806 shares of the company’s stock valued at $120,000 after purchasing an additional 321 shares during the period. Finally, Fulton Bank N.A. purchased a new stake in Teradyne during the second quarter valued at approximately $380,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $409,024.00. Following the sale, the chief executive officer now directly owns 80,736 shares in the company, valued at approximately $10,721,740.80. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction dated 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 in the company, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,574 shares of company stock worth $997,203. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TER. Northland Securities decreased their price objective 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. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Craig Hallum reduced their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus reduced 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. Finally, Robert W. Baird reduced their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $142.62.

Teradyne Price Performance

Teradyne stock opened at $115.47 on Wednesday. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 2.45 and a beta of 1.51. The business has a fifty day moving average price of $117.62 and a 200-day moving average price of $130.99. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21.

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

Teradyne declared that its board has approved a share repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. Teradyne’s dividend payout ratio (DPR) is 15.24%.

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.