The Manufacturers Life Insurance Company Buys 5,804 Shares of Teradyne, Inc. (NASDAQ:TER)

The Manufacturers Life Insurance Company increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 6.0% in the third quarter, Holdings Channel.com reports. The firm owned 102,122 shares of the company’s stock after buying an additional 5,804 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Teradyne were worth $13,677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TER. Truvestments Capital LLC acquired a new position in shares of Teradyne during the third quarter worth $322,000. Daiwa Securities Group Inc. increased its holdings in Teradyne by 12.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 21,780 shares of the company’s stock worth $2,917,000 after purchasing an additional 2,370 shares in the last quarter. Westfield Capital Management Co. LP raised its position in Teradyne by 0.6% in the third quarter. Westfield Capital Management Co. LP now owns 334,678 shares of the company’s stock valued at $44,823,000 after purchasing an additional 2,128 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Teradyne by 34.6% during the third quarter. Larson Financial Group LLC now owns 1,681 shares of the company’s stock valued at $225,000 after purchasing an additional 432 shares in the last quarter. Finally, Swedbank AB grew its holdings in shares of Teradyne by 2.4% during the third quarter. Swedbank AB now owns 657,084 shares of the company’s stock worth $88,003,000 after purchasing an additional 15,470 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 1.8 %

NASDAQ:TER opened at $110.00 on Monday. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21. The stock has a market capitalization of $17.91 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.38 and a beta of 1.52. The firm has a fifty day simple moving average of $117.95 and a two-hundred day simple moving average of $131.12.

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

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

Teradyne Dividend Announcement

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

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. The trade was a 3.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,199 shares of company stock worth $1,080,634. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on TER. Evercore ISI lifted their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Stifel Nicolaus lowered their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Robert W. Baird reduced their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Craig Hallum lowered their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $142.62.

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.