Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,276 shares of the company’s stock after acquiring an additional 2,129 shares during the period. Pacer Advisors Inc.’s holdings in Teradyne were worth $1,798,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TER. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne during the third quarter valued at $29,000. Quarry LP increased its stake in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares during the last quarter. Coastline Trust Co purchased a new position in shares of Teradyne during the 3rd quarter worth about $46,000. Brooklyn Investment Group acquired a new stake in shares of Teradyne in the third quarter worth approximately $52,000. Finally, Eastern Bank acquired a new position in shares of Teradyne in the 3rd quarter valued at $67,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $115.79 on Friday. Teradyne, Inc. has a one year low of $92.29 and a one year high of $163.21. The business’s 50-day simple moving average is $125.37 and its 200 day simple moving average is $125.07. The stock has a market cap of $18.86 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 2.04 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.23% and a net margin of 19.23%. On average, equities research analysts predict that Teradyne, Inc. will post 4.1 EPS for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, February 14th. Teradyne’s payout ratio is currently 14.41%.

Teradyne announced that its Board of Directors has authorized a share 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 purchase up to 0.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TER. Northland Securities lowered their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday. Craig Hallum lowered their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. UBS Group lowered their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Friday. Evercore ISI upped their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird decreased their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $143.77.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Richard John Burns sold 407 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the sale, the insider now owns 20,764 shares in the company, valued at $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,434 shares of company stock worth $785,137 over the last quarter. 0.36% of the stock is owned by corporate insiders.

Teradyne Company 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.