Apollon Wealth Management LLC Increases Stake in Teradyne, Inc. (NASDAQ:TER)

Apollon Wealth Management LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 7.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,362 shares of the company’s stock after buying an additional 159 shares during the period. Apollon Wealth Management LLC’s holdings in Teradyne were worth $316,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Swedbank AB grew its holdings in Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after acquiring an additional 426,900 shares in the last quarter. Ossiam grew its holdings in Teradyne by 13,540.0% during the 1st quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after acquiring an additional 416,898 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Teradyne by 4,695.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company’s stock worth $43,041,000 after acquiring an additional 284,197 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in Teradyne during the 2nd quarter worth approximately $41,467,000. Finally, Principal Financial Group Inc. grew its holdings in Teradyne by 105.2% during the 2nd quarter. Principal Financial Group Inc. now owns 527,417 shares of the company’s stock worth $78,211,000 after acquiring an additional 270,396 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $102.58 on Monday. The stock has a market cap of $16.71 billion, a P/E ratio of 32.57, a P/E/G ratio of 2.22 and a beta of 1.52. The firm has a fifty day moving average price of $122.33 and a 200 day moving average price of $132.25. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Sell-side analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 0.47%. Teradyne’s payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has initiated a share buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have commented on TER. Stifel Nicolaus lowered their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Citigroup lowered their price target 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. Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Susquehanna upped their target price on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $142.62.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the 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 completion of the transaction, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. This trade represents a 3.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the transaction, the director now owns 16,518 shares of the company’s stock, valued at $2,204,987.82. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,352 shares of company stock worth $1,899,353. 0.36% of the stock is owned by insiders.

Teradyne 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.