Sanctuary Advisors LLC lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 17.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,506 shares of the company's stock after selling 5,323 shares during the quarter. Sanctuary Advisors LLC's holdings in Teradyne were worth $3,282,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Alkeon Capital Management LLC increased its position in shares of Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock worth $153,218,000 after purchasing an additional 749,003 shares during the period. Holocene Advisors LP acquired a new stake in Teradyne during the third quarter worth about $91,129,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company's stock valued at $325,814,000 after buying an additional 374,522 shares during the period. State Street Corp raised its position in shares of Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock valued at $921,458,000 after buying an additional 350,002 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Teradyne by 70.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company's stock worth $99,404,000 after acquiring an additional 307,724 shares during the period. Institutional investors own 99.77% of the company's stock.
A number of research analysts recently issued reports on TER shares. Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. Evercore ISI raised their price objective on Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Stifel Nicolaus lowered their target price on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Finally, Craig Hallum reduced their price target on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.25.
View Our Latest Stock Analysis on Teradyne
In other Teradyne news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction that occurred 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 sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $409,024.00. Following the transaction, the chief executive officer now owns 80,736 shares in the company, valued at $10,721,740.80. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,494 shares of company stock worth $596,803. Company insiders own 0.36% of the company's stock.
NASDAQ:TER opened at $129.48 on Tuesday. The company has a market cap of $21.09 billion, a PE ratio of 41.10, a P/E/G ratio of 2.66 and a beta of 1.51. The firm's 50 day simple moving average is $115.18 and its 200 day simple moving average is $129.47. Teradyne, Inc. has a one year low of $92.29 and a one year high of $163.21.
Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) 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 business had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same period last year, the company earned $0.80 EPS. Teradyne's revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts expect that Teradyne, Inc. will post 3.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne's payout ratio is 15.24%.
Teradyne declared that its Board of Directors has initiated a stock buyback program on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.
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.
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