Teradyne, Inc. (NASDAQ:TER) Stock Holdings Decreased by Natixis Advisors LLC

Natixis Advisors LLC decreased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,733 shares of the company’s stock after selling 4,209 shares during the period. Natixis Advisors LLC’s holdings in Teradyne were worth $10,277,000 as of its most recent filing with the SEC.

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

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’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 transaction, the chief executive officer now directly owns 83,816 shares in the company, valued at $10,896,080. The trade was a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business’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 completion of the transaction, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,199 shares of company stock worth $1,080,634 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Teradyne Stock Performance

NASDAQ:TER opened at $105.24 on Friday. The company has a market capitalization of $17.14 billion, a P/E ratio of 33.41, a P/E/G ratio of 2.22 and a beta of 1.52. Teradyne, Inc. has a 52 week low of $90.24 and a 52 week high of $163.21. The stock’s 50 day moving average price is $120.46 and its 200 day moving average price is $131.65.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share 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 firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same period in the previous year, the company earned $0.80 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

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 reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently disclosed 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 0.46%. Teradyne’s dividend payout ratio is 15.24%.

Analysts Set New Price Targets

TER has been the subject of several research analyst reports. Citigroup reduced their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. Evercore ISI boosted their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus decreased their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Northland Securities dropped their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Finally, Susquehanna boosted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $142.62.

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.