Metis Global Partners LLC Increases Stock Position in Teradyne, Inc. (NASDAQ:TER)

Metis Global Partners LLC raised its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,154 shares of the company’s stock after purchasing an additional 279 shares during the quarter. Metis Global Partners LLC’s holdings in Teradyne were worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Teradyne by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after buying an additional 135,286 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Teradyne by 1.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock valued at $682,597,000 after purchasing an additional 57,989 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Teradyne by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after purchasing an additional 183,721 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position 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 worth $325,814,000 after purchasing an additional 374,522 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Teradyne by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock worth $299,073,000 after purchasing an additional 47,157 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TER shares. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Susquehanna raised their price target on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research 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, Citigroup decreased their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $142.62.

Teradyne Trading Down 3.7 %

NASDAQ:TER opened at $102.58 on Monday. The company has a 50-day moving average price of $122.33 and a 200-day moving average price of $132.25. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 2.22 and a beta of 1.52. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. Teradyne’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. Equities analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne announced that its board has approved a share buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.47%. Teradyne’s payout ratio is 15.24%.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 80,736 shares of the company’s stock, valued at approximately $10,721,740.80. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction dated 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 transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,352 shares of company stock worth $1,899,353. 0.36% of the stock is owned by corporate insiders.

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.