Wellington Management Group LLP Buys 890 Shares of Teradyne, Inc. (NASDAQ:TER)

Wellington Management Group LLP boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,684 shares of the company’s stock after buying an additional 890 shares during the period. Wellington Management Group LLP’s holdings in Teradyne were worth $1,431,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Teradyne in the second quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in Teradyne in the 3rd quarter valued at approximately $29,000. Rothschild Investment LLC purchased a new stake in Teradyne during the 2nd quarter valued at $33,000. Quarry LP increased its holdings in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in shares of Teradyne by 76.1% in the 2nd 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. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TER. Craig Hallum dropped their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus reduced their price target on shares of 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 decreased their price objective 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 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. Finally, StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.25.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $409,024.00. Following the completion of the sale, the chief executive officer now directly owns 80,736 shares of the company’s stock, valued at $10,721,740.80. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the transaction, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. This trade represents a 3.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,494 shares of company stock worth $596,803. Corporate insiders own 0.18% of the company’s stock.

Teradyne Stock Up 1.1 %

Shares of TER opened at $125.19 on Friday. The business has a 50-day simple moving average of $114.94 and a two-hundred day simple moving average of $129.31. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 39.74, a PEG ratio of 2.66 and a beta of 1.51.

Teradyne (NASDAQ:TER) last released 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. The company had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. On average, equities analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were paid a $0.12 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. Teradyne’s payout ratio is presently 15.24%.

Teradyne declared that its Board of Directors has approved a share buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.