Wellington Management Group LLP Buys 890 Shares of Teradyne, Inc. (NASDAQ:TER)

Wellington Management Group LLP increased its position in Teradyne, Inc. (NASDAQ:TER) by 9.1% during the 3rd quarter, Holdings Channel reports. The firm owned 10,684 shares of the company’s stock after acquiring an additional 890 shares during the quarter. Wellington Management Group LLP’s holdings in Teradyne were worth $1,431,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wahed Invest LLC boosted its holdings in shares of Teradyne by 15.0% in the 3rd quarter. Wahed Invest LLC now owns 3,792 shares of the company’s stock valued at $508,000 after buying an additional 495 shares in the last quarter. Weiss Asset Management LP purchased a new stake in Teradyne during the third quarter valued at approximately $3,452,000. Sora Investors LLC acquired a new stake in Teradyne in the third quarter valued at approximately $5,357,000. State Street Corp grew its holdings in Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after purchasing an additional 350,002 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Teradyne by 2.2% during the third quarter. Quantinno Capital Management LP now owns 52,890 shares of the company’s stock worth $7,084,000 after purchasing an additional 1,162 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 1.1 %

Shares of Teradyne stock opened at $125.19 on Friday. The firm has a market cap of $20.39 billion, a PE ratio of 39.74, a P/E/G ratio of 2.66 and a beta of 1.51. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21. The business has a 50-day moving average price of $114.94 and a 200 day moving average price of $129.31.

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

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has authorized a stock buyback 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 an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have commented on TER. Robert W. Baird decreased their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Craig Hallum decreased their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Northland Securities dropped their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $145.00 to $158.00 in a report on Monday. Finally, Stifel Nicolaus dropped their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.25.

Insider Buying and Selling

In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the sale, the director now owns 15,893 shares of the company’s stock, valued at $2,110,590.40. This represents a 3.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $409,024.00. Following the completion of the transaction, the chief executive officer now directly owns 80,736 shares in the company, valued at approximately $10,721,740.80. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,494 shares of company stock worth $596,803 in the last 90 days. Insiders own 0.18% of the company’s stock.

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.