Teradyne, Inc. (NASDAQ:TER) Holdings Trimmed by BNP Paribas

BNP Paribas lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 29.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,654 shares of the company’s stock after selling 1,943 shares during the period. BNP Paribas’ holdings in Teradyne were worth $623,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TER. Swedbank AB boosted its position in shares of Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after purchasing an additional 426,900 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of 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 purchasing an additional 374,522 shares during the period. Eagle Asset Management Inc. boosted its position in shares of Teradyne by 70.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company’s stock valued at $99,404,000 after purchasing an additional 307,724 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Teradyne by 4,695.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company’s stock valued at $43,041,000 after purchasing an additional 284,197 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in shares of Teradyne in the 2nd quarter valued at $41,467,000. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other 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 transaction of $104,779.20. Following the sale, the insider now owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 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 $83,000.00. Following the sale, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. The trade was a 3.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,199 shares of company stock valued at $1,080,634 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Craig Hallum decreased 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. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research note on Friday, August 16th. Evercore ISI increased their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Northland Securities reduced their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Teradyne currently has an average rating of “Hold” and an average price target of $142.62.

Teradyne Price Performance

TER opened at $108.09 on Thursday. Teradyne, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $163.21. The business has a 50-day moving average of $118.84 and a 200-day moving average of $131.36. The company has a market capitalization of $17.60 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $716.40 million. During the same period last year, the business earned $0.80 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a stock buyback program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is currently 15.24%.

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.